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- Lindahl equilibrium
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- long wages
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- Lyapunov's theorem
- machinery question
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- non-competing groups
- non-nested hypothesis
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- shadow pricing
- signalling
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- stock-flow analysis
- structure-conduct-performance theory
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- term structure of interest rates
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- unemployment
- variable proportions, law of
- vent for surplus
- Verdoorn's law
- wages fund doctrine
- Wagner's law
- Walras's stability
- Weber's theory of the location of the firm
- Wicksell's theory of capital
- x-efficiency
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axiomatic theories
(1939)
Axiomatic theories relating to consumer behavior and rationality, and are an essential part of consumer demand theory and indifference curve analysis.
The axioms of rationality are:
- completeness (the ability to order every available combination of goods according to preference);
- transitivity (relationship between different combination preferences); and
- selection (the consumer will aim for the most desired combination).
The axioms of behavior comprise the axioms of dominance (also known as the axioms of greed), which are:
- continuity (relating to indifference curve analysis); and
- convexity (the assumption that the indifference curve will be convex to the origin).
Also see: consumer demand theory
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