One paper critiques this theory by postulating that the "socialist consciousness" of the Great Leap Forward resulted in a divergence from the "rational calculus" that serves as the basis for this theory. A 1967 paper by Sydney Afriat demonstrated this theory holds if and only if there exist positive solutions to a certain set of linear inequalities. Amartya Sen wrote a notable treatment of the axiomatic structure of this theory. Hendrik Houthakker incorporated aspects of
One paper critiques this theory by postulating that the "socialist consciousness" of the Great Leap Forward resulted in a divergence from the "rational calculus" that serves as the basis for this theory. A 1967 paper by Sydney Afriat demonstrated this theory holds if and only if there exist positive solutions to a certain set of linear inequalities. Amartya Sen wrote a notable treatment of the axiomatic structure of this theory. Hendrik Houthakker incorporated aspects of Hicksian demand into the original version of this theory, to formulate its (*) "strong axiom." This theory states that, when a consumer can afford two bundles, and buys one over the other, assuming prices remain consistent, they would never rather have the unpurchased bundle over the purchased one. For 10 points, name this theory of consumer choice developed by Paul Samuelson.
One paper critiques this theory by postulating that the "socialist consciousness" of the Great Leap Forward resulted in a divergence from the "rational calculus" that serves as the basis for this theory.
revealed preference [accept RP, WARP or SARP, as well as the weak axiom of revealed preference and the strong axiom of revealed preference] 