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What are General Equilibrium Theories?

  • Dan Hausman
Chapter
Part of the Synthese Library book series (SYLI, volume 211)

Abstract

A little philosophy of science can be a troubling thing. Simplified treatments of philosophy of science maintain that scientists formulate generalizations or theories, derive implications from them, and retain these generalizations or theories (albeit with some caution) as long as they pass the experimental tests. This story is heavily oversimplified, and its general inadequacies are familiar and shall not be repeated here. But this story is both well-known and a simplification of a truth, not mere error.

Keywords

General Equilibrium Marginal Utility Utility Theory Real Economy Competitive Equilibrium 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Kluwer Academic Publishers 1990

Authors and Affiliations

  • Dan Hausman
    • 1
  1. 1.Department of PhilosophyUniversity of WisconsinMadisonUSA

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