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The proper reconstruction of exchange economics
Die angemessene Rekonstruktion von Tauschökonomien
[journal article]
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 u... view more
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.... view less
Keywords
utility; axiomatization; quantity; equilibrium; theoretical economics; market; price; model; microeconomics; metatheory; theory; economy
Classification
National Economy
Philosophy of Science, Theory of Science, Methodology, Ethics of the Social Sciences
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