A Note on the Pure Theory of Consumer's Behaviour¶
Samuelson, P. A. (1938). A Note on the Pure Theory of Consumer's Behaviour. Economica, 5(17), 61-71.
Cited by¶
3 citations across 3 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Indifference Curves
- Revealed preference theory (Samuelson 1938)
Supported in partVerified against the publisher's abstract
Samuelson's 1938 Economica article is the right primary work on consumer's choice without cardinal utility, but its abstract never uses the term 'revealed preference'.
“the most modern theory confines itself to an analysis of indifference elements, budgetary equilibrium being defined by equivalence of price ratios to respective indifference slopes”
- Revealed preference theory (Samuelson 1938)
- Preference
- Preference is the foundational primitive on top of which the entire formal apparatus of consumer theory, choice theory, and welfare economics is built — from von Neumann and Morgenstern's (1944) expected-utility axiomatization to Samuelson's (1938) revealed-preference reconstruction of consumer demand without recourse to utility.
Supported in partVerified against the publisher's abstract
Samuelson's own abstract argues consumer theory should shed the utility concept and work with indifference elements and price ratios, supporting the 'without recourse to utility' clause but not the revealed-preference mechanism.
“As a result the most modern theory confines itself to an analysis of indifference elements, budgetary equilibrium being defined by equivalence of price ratios to respective indifference slopes.”
- Preference is the foundational primitive on top of which the entire formal apparatus of consumer theory, choice theory, and welfare economics is built — from von Neumann and Morgenstern's (1944) expected-utility axiomatization to Samuelson's (1938) revealed-preference reconstruction of consumer demand without recourse to utility.
- Revealed Preference
- Economics and consumer theory (origin): Samuelson's 1938 axiomatization, Houthakker's Strong Axiom, demand-system estimation from observed purchases, hedonic pricing.
This sourceOriginates revealed preference and the Weak Axiom (WARP), inferring preference from observed choice rather than introspected utility.
Supported in partVerified against the publisher's abstract
The 1938 abstract confirms the paper's subject - consumer-choice theory stripped of introspective utility - but names no axiomatization, no WARP, and nothing of Houthakker, demand-system estimation, or hedonic pricing.
“As a result the most modern theory confines itself to an analysis of indifference elements, budgetary equilibrium being defined by equivalence of price ratios to respective indifference slopes.”
- Economics and consumer theory (origin): Samuelson's 1938 axiomatization, Houthakker's Strong Axiom, demand-system estimation from observed purchases, hedonic pricing.
Verification¶
Does it exist? Confirmed. This work's DOI resolves to a registered record, which fixes its identity. That is all it fixes.
Does it back the claim? Read against the text for 3 of 3 citations: 3 supported in part. Each verdict is shown under its citation below, with what in the work backs the sentence.
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Registry ID ref:a5f50e9d6af6 · see in the full table