{"title":"The Giffen Paradox Revisited","authors":"Haibien Nguyen","doi":"10.2139/ssrn.3480773","DOIUrl":null,"url":null,"abstract":"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).","PeriodicalId":226815,"journal":{"name":"Philosophy & Methodology of Economics eJournal","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2019-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Philosophy & Methodology of Economics eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3480773","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
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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