On the Representation Theorems of Neoclassical Utility Theory: A Comment
نویسنده
چکیده
The purpose of this note is to provide some clarification on the so-called representation theorems of neoclassical utility theory. In particular, it is argued that there is some misunderstanding regarding precisely what conclusions may be properly drawn from these theorems, and that there seems to be a tendency among neoclassical economists to misapply these theorems. Reference will be made to an ongoing debate over Austrianschool interpretations of cardinality in neoclassical utility theory.
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