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„Communication of the Constraints on Action” K. J. Arrow über Kommunikation / „Communication of the Constraints on Action” K. J. Arrow on Communication

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  • Priddat Birger P.

    (Lehrstuhl für Volkswirtschaft und Philosophie, Fakultät für Wirtschaftswissenschaft, Universität Witten/Herdecke, Alfred-Herrhausen-Str. 50, D-58448 Witten)

Abstract

The article proofs Κ. J. Arrows introduction of ‘communication’ in general equilibrium analysis. His theory of ‘convergencs of beliefs’ is incomplete. Rational choice has to be redesigned by a new relationship of preferences and semantics, without probability-codes. Using ‘communication’, economic theory has to be aware of ‘contextes’, in an equilibrium of 2nd order.

Suggested Citation

  • Priddat Birger P., 2000. "„Communication of the Constraints on Action” K. J. Arrow über Kommunikation / „Communication of the Constraints on Action” K. J. Arrow on Communication," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 220(4), pages 453-470, August.
    • Handle: RePEc:jns:jbstat:v:220:y:2000:i:4:p:453-470
    DOI: 10.1515/jbnst-2000-0406
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    References listed on IDEAS

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    1. Viktor Vanberg & James M. Buchanan, 1989. "Interests and Theories in Constitutional Choice," Journal of Theoretical Politics, , vol. 1(1), pages 49-62, January.
    2. Arthur T. Denzau & Douglass C. North, 1994. "Shared Mental Models: Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 47(1), pages 3-31, February.
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