Preference Dilemma in Economics
AbstractThe paper deals with the different concepts of the human economic preferences in the point of view of the different economic schools, which deals with this topic. The paper begins with the description of the neoclassical concept of the preferences theory, followed by the critical analysis of Samuelsson´s concept of the revealed preferences. Further the attention is being paid to the Rothbard´s concept of the demonstrated preferences and unprecedented Becker´s concept of the stable preferences. The paper concludes with the alternative concepts of preferences of behavioral economics, Lancaster approach and evolutional theory.
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Bibliographic InfoArticle provided by University of Economics, Prague in its journal Politická ekonomie.
Volume (Year): 2011 (2011)
Issue (Month): 3 ()
Postal: Redakce Politické ekonomie, Vysoká škola ekonomická, nám. W. Churchilla 4, 130 67 Praha 3
Find related papers by JEL classification:
- B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
- B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Stigler, George J & Becker, Gary S, 1977. "De Gustibus Non Est Disputandum," American Economic Review, American Economic Association, vol. 67(2), pages 76-90, March.
- Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74, pages 132.
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