Abstract
In the introduction to his classic Foundations of Economic Analysis [Sam47], Paul Samuelson defines meaningful theorems as “hypotheses about empirical data which could conceivably be refuted if only under ideal conditions.” For three decades, the problems of existence, uniqueness and the stability of tâtonnement were at the core of the general equilibrium research program—see Blaug [Bla92], Ingaro and Israel [II90], and Weintraub [Wei85]. Are the theorems on existence, uniqueness and tâtonnement stability refutable propositions?
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2008 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Brown, D.J., Kubler, F. (2008). Refutable Theories of Value. In: Computational Aspects of General Equilibrium Theory. Lecture Notes in Economics and Mathematical Systems, vol 604. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-76591-2_1
Download citation
DOI: https://doi.org/10.1007/978-3-540-76591-2_1
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-76590-5
Online ISBN: 978-3-540-76591-2
eBook Packages: Business and EconomicsEconomics and Finance (R0)