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The proper reconstruction of exchange economics

Die angemessene Rekonstruktion von Tauschökonomien
[journal article]

Balzer, Wolfgang

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Abstract This article emends the distinction between T-theoretical and non-T-theoretical terms of a theory T used in the theory of pure exchange economics: PEE (Balzer, 1982). In this former article utilityand equilibrium were treated as PEE-theoretical terms. In this paper the meta-theoretical position of utility is changed. Utility is replaced by price. This change is, on the one hand, supported by arguments from the structuralistic theory of theories, on the other hand, this change has central implications for the structuralistic meta-theory.
Keywords theoretical economics; market; economy; economy; model; axiomatization; metatheory; theory; price; quantity; equilibrium; utility; microeconomics
Classification Philosophy of Science, Theory of Science, Methodology, Ethics of the Social Sciences; National Economy
Method theory formation
Free Keywords micro economics; theory; model; theoretical terms; utility; price; quantity; equilibrium
Document language English
Publication Year 1985
Page/Pages p. 185-200
Journal Erkenntnis, 23 (1985) 2
Status Published Version; reviewed
Licence Creative Commons - Attribution-Noncommercial-No Derivative Works