Title

Foundations of Contemporary Revealed Preference Theory

Document Type

Article

Publication Date

10-2013

Publication Title

Erkenntnis

Department

Economics

Abstract

This paper examines methodological issues raised by revealed preference theory in economics: particularly contemporary revealed preference theory. The paper has three goals. First, to make the case that revealed preference theory is a broad research program in choice theory—not a single theory—and understanding this diversity is essential to any methodological analysis of the program. Second, to explore some of the existing criticisms of revealed preference theory in a way that emphasizes how the effectiveness of the critique depends on the particular version of revealed preference under consideration. Finally, three additional criticisms are presented that are aimed specifically at contemporary revealed preference theory.

Volume

78

Issue

5

pp.

1081-1108

ISSN

0165-0106