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| | Abstracts |
 | | This paper explores the influence of operationalism and its corollary, descriptivism, on Paul Samuelson's revealed preference theory as it developed between 1937 and 1948. |
 | | As an illustration, he showed how utility could be operationally redefined as revealed preference, and, furthermore, how from hypotheses such as maximizing behavior, operationally meaningful theorems could be deduced, thereby satisfying his demand for a scientific, empirical approach toward consumer behavior theory. |
 | | In addition, I argue that certain concepts (revealed preference, equilibrium) and theorems (e.g., weak and strong axioms) that are supposedly operational in revealed preference theory, lack operational meaning, not withstanding their mathematical implications. |
| www.econmethodology.org /jem/issues/abstractsv2n1.html (681 words) |
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