Chapter

Economic Kinds: Understanding the Abstractions and Esthetics of Economic Thought

Paul W. Glimcher

in Foundations of Neuroeconomic Analysis

Published in print November 2010 | ISBN: 9780199744251
Published online January 2011 | e-ISBN: 9780199863433 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199744251.003.0003
Economic Kinds: Understanding the Abstractions and Esthetics of Economic Thought

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This chapter provides an overview of the key ideas—the logical primitives—that make up much of microeconomic theory. Topics discussed include the decision models of classical economics, Bernoulli's contribution, the tools and esthetics of modern economic thought, the generalized axiom of revealed preference (GARP), the Weak Axiom of Revealed Preference (WARP), and the limits of tools such as GARP and WARP.

Keywords: microeconomic theory; logical primitives; WARP; revealed preference; GARP; economics; Bernoulli

Chapter.  12301 words.  Illustrated.

Subjects: Neuropsychology

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