The individual and the market: Paul Samuelson on (homothetic) Santa Claus economics.
Paul Samuelson often used the term “Santa Claus economics” for mathematical models with empirically unrealistic assumptions. I focus on one particular member of the Santa Claus family that Samuelson was very sceptical about: homothetic general equilibrium models (where all agents have identical homo...
| Publicado en: | European Journal of the History of Economic Thought Vol. 23; no. 3; pp. 425 - 453 |
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| Formato: | Artículo |
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Taylor & Francis Ltd
Jun2016
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| Acceso en línea: | Ver este registro en EBSCOhost |