All Articles tagged consumer theory
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July 18, 2022 CDT With irreconcilable problems with utility functions, if what individuals prefer cannot be specified, then the orthodox microeconomics of the last hundred years is not a general theory of human action.
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April 15, 2019 CDT What does it mean for two goods to be the "same good"? Wysocki and Block argue that Austrian subjectivism leads to the possibility of perfect economic homogeneity or heterogeneity.