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Social Recognition and Economic Equilibrium

Author

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  • Ken Urai

    () (Graduate School of Economics, Osaka University)

Abstract

This paper is an attempt to incorporate the human ability of recognition, especially, the ability to recognize the society to which they belong, with the economic equilibrium theory characterized by a description of society through individual rational behaviors. Contents may be classified into the following three categories: (1) a rigorous set theoretical treatment of the description of individual rationality; (2) set theoretical description of the validity in a society; and (3) rationality as an equilibrium (fixed point) of social recognition.

Suggested Citation

  • Ken Urai, 2006. "Social Recognition and Economic Equilibrium," Discussion Papers in Economics and Business 06-30, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
  • Handle: RePEc:osk:wpaper:0630
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    File URL: http://www2.econ.osaka-u.ac.jp/library/global/dp/0630.pdf
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    Keywords

    Social Recognition; Rationality; Social Equilibrium; Fixed Point Theorem; Goedel's Incompleteness Theorem.;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General

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