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Göteborgs universitets publikationer

Economics and/or Mathematics, Equilibrium and Aggregation in Economic Science

Författare och institution:
Hasse Ekstedt (Förvaltningshögskolan)
Publicerad i:
American International Journal of Social Science, 4 ( 6 ) s. 213-223
ISSN:
2325-4149
E-ISSN:
2325-4165
Publikationstyp:
Artikel, refereegranskad vetenskaplig
Publiceringsår:
2015
Språk:
engelska
Fulltextlänk:
Sammanfattning (abstract):
The dominating approach in economic science is the neoclassical theory. It is built on an axiomatic structure which creates an economic man who is rational and optimizing. The axioms also allowadditive aggregation so the individuals can be aggregated into a sort of society in which complete efficiency is obtained with respect to the use of productive resources in relation to the welfare of the society given an initial resource distribution. This paper shows that a closer inspection of the axiomatic structure in relation to the so called Arrow’s paradox leads to the conclusion that although the neoclassical optimization approach may well describe the individual behavior, but any form of aggregation to the economy as a whole is basically built on a misinterpretation of the axiomatic structure and thus on false logics.
Ämne (baseras på Högskoleverkets indelning av forskningsämnen):
SAMHÄLLSVETENSKAP ->
Ekonomi och näringsliv ->
Nationalekonomi
Nyckelord:
neoclassical theory, economic rationality, general equilibrium, aggregation
Postens nummer:
241511
Posten skapad:
2016-09-08 13:03
Posten ändrad:
2016-09-21 10:06

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