The models used in economic theory, though necessarily abstract, should be consistent with the nature of decision … suggested as the appropriate building block for further developing dynamic economic theory …

predictive content of the traditional theory of competitive supply. A number of key results in the deterministic theory follow as … predictive content of the classical theory of competitive firm behavior from its a priori roots in profit maximization, while … subsuming the traditional theory as a special case. -- Supply aggregation ; stochastic supply function ; stochastic consistency …