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„Communication of the Constraints on Action” K. J. Arrow über Kommunikation / „Communication of the Constraints on Action” K. J. Arrow on Communication


  • Priddat Birger P.

    () (Lehrstuhl für Volkswirtschaft und Philosophie, Fakultät für Wirtschaftswissenschaft, Universität Witten/Herdecke, Alfred-Herrhausen-Str. 50, D-58448 Witten)


The article proofs Κ. J. Arrows introduction of ‘communication’ in general equilibrium analysis. His theory of ‘convergencs of beliefs’ is incomplete. Rational choice has to be redesigned by a new relationship of preferences and semantics, without probability-codes. Using ‘communication’, economic theory has to be aware of ‘contextes’, in an equilibrium of 2nd order.

Suggested Citation

  • Priddat Birger P., 2000. "„Communication of the Constraints on Action” K. J. Arrow über Kommunikation / „Communication of the Constraints on Action” K. J. Arrow on Communication," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 220(4), pages 453-470, August.
  • Handle: RePEc:jns:jbstat:v:220:y:2000:i:4:p:453-470

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    References listed on IDEAS

    1. Denzau, Arthur T & North, Douglass C, 1994. "Shared Mental Models: Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 47(1), pages 3-31.
    2. Viktor Vanberg & James M. Buchanan, 1989. "Interests and Theories in Constitutional Choice," Journal of Theoretical Politics, , vol. 1(1), pages 49-62, January.
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