Misplaced Pages

Demonstrated preference

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.

This is an old revision of this page, as edited by SPECIFICO (talk | contribs) at 15:43, 10 June 2013 (→Rothbard's statement: Remove excess and redundant verbiage.). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Revision as of 15:43, 10 June 2013 by SPECIFICO (talk | contribs) (→Rothbard's statement: Remove excess and redundant verbiage.)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)
This article needs attention from an expert in Economics. Please add a reason or a talk parameter to this template to explain the issue with the article. WikiProject Economics may be able to help recruit an expert. (November 2012)
It has been suggested that this article be merged into Revealed preference. (Discuss) Proposed since December 2012.
This section contains too many or overly lengthy quotations. Please help summarize the quotations. Consider transferring direct quotations to Wikiquote or excerpts to Wikisource. (December 2012)

Demonstrated preference is a concept, stated by Murray Rothbard.

Rothbard's statement

"The concept of demonstrated preference is simply this: that actual choice reveals, or demonstrates, a man’s preferences...This concept of preference, rooted in real choices, forms the keystone of the logical structure of economic analysis, and particularly of utility and welfare analysis."

See also

References

  1. Toward a Reconstruction of Utility and Welfare Economics, p. 2
Categories: