IDEAS home Printed from https://ideas.repec.org/p/wpa/wuwpmi/0407003.html
   My bibliography  Save this paper

Giffen's Paradox and Falsifiability

Author

Listed:
  • Gordon Welty

    (Wright State University)

Abstract

This paper considers the methodological problem which the Giffen paradox poses for the economist intent on establishing the empirical status of microeconomic theory. We then turn to more general considerations of the falsifiability of economic theory based on discussions by Adolf Grünbaum. These considerations lead us to reject Louis De Alessi's proposal for rectifying the problem of the Giffen paradox. Finally, we turn to the problem of ceteris paribus as it bears on De Alessi's argument, and observe that he has not resolved this problem.

Suggested Citation

  • Gordon Welty, 2004. "Giffen's Paradox and Falsifiability," Microeconomics 0407003, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpmi:0407003
    Note: Type of Document - pdf; pages: 8
    as

    Download full text from publisher

    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/mic/papers/0407/0407003.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Giffen Paradox; Falsifiability; Microeconomic Theory;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • D2 - Microeconomics - - Production and Organizations
    • D3 - Microeconomics - - Distribution
    • D4 - Microeconomics - - Market Structure, Pricing, and Design

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpmi:0407003. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: EconWPA (email available below). General contact details of provider: https://econwpa.ub.uni-muenchen.de .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.