The Giffen Paradox Revisited

This paper aims at defending the Austrian causal-realist demand theory which refutes the existence of an upward-sloping demand curve or the Giffen good. The analysis traces back to the fundamental difference between Austrian and neo-classical microeconomics, especially in utility theory. Additionally, this paper also briefly examines and proposes a rejoinder to the criticism of Hudik (2011a)

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Year of publication:	2020
Authors:	Nguyen, Hai-Trieu v
Publisher:	[2020]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Inferiore Güter \| Inferior goods

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Extent:	1 Online-Ressource (21 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 1, 2019 erstellt
Other identifiers:	10.2139/ssrn.3480773 [DOI]
Classification:	B53 - Austrian ; D01 - Microeconomic Behavior: Underlying Principles
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012846969