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On the Empirical Content of Economic Theories

Werner Hildenbrand

in Economics Beyond the Millennium

Published in print:
1999
Published Online:
November 2003
ISBN:
9780198292111
eISBN:
9780191596537
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198292112.003.0004
Subject:
Economics and Finance, Macro- and Monetary Economics, Microeconomics

The author argues that the standard equilibrium model of economics is devoid of empirical content and that a theory based on individual rationality derived from introspection provides no explanations ... More


Prices

George C. Davis and Elena L. Serrano

in Food and Nutrition Economics: Fundamentals for Health Sciences

Published in print:
2016
Published Online:
November 2017
ISBN:
9780199379118
eISBN:
9780190876609
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780199379118.003.0005
Subject:
Public Health and Epidemiology, Public Health

Chapter 5 focuses on how prices affect food and nutrition choices. This chapter presents and discusses the law of demand and the demand curve. The chapter explains the importance of the slope of the ... More


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