Timeline for Fundamental equations in economics
Current License: CC BY-SA 3.0
8 events
| when toggle format | what | by | license | comment | |
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| Mar 22, 2017 at 0:40 | history | edited | Martin Van der Linden | CC BY-SA 3.0 |
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| Jan 23, 2016 at 21:43 | history | edited | Martin Van der Linden | CC BY-SA 3.0 |
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| Nov 23, 2015 at 16:25 | history | edited | Martin Van der Linden | CC BY-SA 3.0 |
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| Apr 23, 2015 at 23:47 | history | edited | Martin Van der Linden | CC BY-SA 3.0 |
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| Dec 30, 2014 at 0:59 | comment | added | nominally rigid | I'd add that it gets even better: there are three laws of demand, which are equivalent (and boil down to Slutsky negative semidefiniteness) in the infinitesimal case but are distinct in general. After the price change from $p$ to $p'$, you can either (1) adjust wealth such that it can purchase the old bundle, (2) adjust wealth such that utility is constant, or (3) adjust wealth such that the newly chosen bundle could have been purchased yesterday - in all cases you get a law of demand. (These are arguably the laws of overcompensated, compensated, and undercompensated demand, respectively.) | |
| Nov 19, 2014 at 5:28 | history | edited | Martin Van der Linden | CC BY-SA 3.0 |
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| Nov 19, 2014 at 5:21 | review | First posts | |||
| Nov 20, 2014 at 0:42 | |||||
| Nov 19, 2014 at 5:18 | history | answered | Martin Van der Linden | CC BY-SA 3.0 |