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A logical reconstruction of pure exchange economics

[journal article]

Balzer, Wolfgang

Abstract

The basic core of the theory of exchange is reconstructed in set-theoretical terms. The central notions of the models are the following: person, kind of good, total endowment of goods, endowment of persons, price, equilibrium and utility. All these notions are used in the central hypothese of maximi... view more

The basic core of the theory of exchange is reconstructed in set-theoretical terms. The central notions of the models are the following: person, kind of good, total endowment of goods, endowment of persons, price, equilibrium and utility. All these notions are used in the central hypothese of maximization of utility. Some simple standard theorems and some special hypotheses are formulated concisely. The theory is described in the structuralistic frame of (Sneed, 1971). The notions of utility and equilibrium are treated as theoretical terms relative to the theoryof pure exchange economics.... view less

Keywords
theoretical economics

Classification
National Economy

Free Keywords
micro economics; theory; model; theoretical terms; utility; price; quantity; equilibrium

Document language
English

Publication Year
1982

Page/Pages
p. 23-46

Journal
Erkenntnis, 17 (1982) 1

Status
Published Version; reviewed

Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works


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© 2007 - 2025 Social Science Open Access Repository (SSOAR).
Based on DSpace, Copyright (c) 2002-2022, DuraSpace. All rights reserved.