Effectivity and constructivity in economic theory

K. Vela Velupillai

doi:10.1016/S0167-2681(02)00004-5

Effectivity and constructivity in economic theory

K. Vela Velupillai

Economics

University of Trento

Research output: Contribution to a Journal (Peer & Non Peer) › Article › peer-review

26 Citations (Scopus)

Abstract

The implicit nonconstructive and noneffective contents of some aspects of general equilibrium theory are formally investigated. In particular, the claims of some applied computable general equilibrium (CGE) theorists, regarding the constructivity and effectivity of CGE models, are rigorously analyzed and shown to be unsubstantiated. An attempt is also made to extract some general methodological guidelines for the meaningful mathematization of economic theory.

Original language	English
Pages (from-to)	307-325
Number of pages	19
Journal	Journal of Economic Behavior and Organization
Volume	49
Issue number	3
DOIs	https://doi.org/10.1016/S0167-2681(02)00004-5
Publication status	Published - 2002

Keywords

CGE models
Constructivity
Effectivity
General equilibrium theory

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10.1016/S0167-2681(02)00004-5

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title = "Effectivity and constructivity in economic theory",

abstract = "The implicit nonconstructive and noneffective contents of some aspects of general equilibrium theory are formally investigated. In particular, the claims of some applied computable general equilibrium (CGE) theorists, regarding the constructivity and effectivity of CGE models, are rigorously analyzed and shown to be unsubstantiated. An attempt is also made to extract some general methodological guidelines for the meaningful mathematization of economic theory.",

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AU - Vela Velupillai, K.

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AB - The implicit nonconstructive and noneffective contents of some aspects of general equilibrium theory are formally investigated. In particular, the claims of some applied computable general equilibrium (CGE) theorists, regarding the constructivity and effectivity of CGE models, are rigorously analyzed and shown to be unsubstantiated. An attempt is also made to extract some general methodological guidelines for the meaningful mathematization of economic theory.

KW - CGE models

KW - Constructivity

KW - Effectivity

KW - General equilibrium theory

UR - https://www.scopus.com/pages/publications/0036296460

U2 - 10.1016/S0167-2681(02)00004-5

DO - 10.1016/S0167-2681(02)00004-5

M3 - Article

SN - 0167-2681

VL - 49

SP - 307

EP - 325

JO - Journal of Economic Behavior and Organization

JF - Journal of Economic Behavior and Organization

IS - 3

ER -

Effectivity and constructivity in economic theory

Abstract

Keywords

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