In the theoretical framework of General Equilibrium Theory, agents's cognitive abilities do not go beyond mere calculation. In the Austrian perspective, on the contrary, agents are endowed with evaluation skills which make them capable of making real entrepreneurial choices. In this paper we propose a modification of the assumptions on rational behavior to account for evaluation processes: this allows us to provide a solution to the problem of general stability of General Equilibrium Theory.

Equilibrio, stabilità e profitto: Una ricostruzione austriaca / Filoso, Valerio. - STAMPA. - (2011), pp. 230-237.

Equilibrio, stabilità e profitto: Una ricostruzione austriaca

FILOSO, VALERIO
2011

Abstract

In the theoretical framework of General Equilibrium Theory, agents's cognitive abilities do not go beyond mere calculation. In the Austrian perspective, on the contrary, agents are endowed with evaluation skills which make them capable of making real entrepreneurial choices. In this paper we propose a modification of the assumptions on rational behavior to account for evaluation processes: this allows us to provide a solution to the problem of general stability of General Equilibrium Theory.
2011
9788861595484
Equilibrio, stabilità e profitto: Una ricostruzione austriaca / Filoso, Valerio. - STAMPA. - (2011), pp. 230-237.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11588/422944
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