Alternative Thoughts to Economic Theory

37 Pages Posted: 20 Jul 2005

See all articles by Lynn Dellenbarger

Lynn Dellenbarger

Dellenbarger & Associates

Lihong Zhu

Washington State University

Zhimin Chen

Independent

Pim Sadlier

Independent

Date Written: April 16, 2005

Abstract

Economic Theory constantly changes as societies change. If one does not believe that, then one needs to look at his or her credit cards and also how now banks offer mortgage payments with the buyer paying just interest. A demand curve for an individual is a point in time and not a schedule. The demand curve would be a collection of points for an individual over time, otherwise utility theory is violated. In macroeconomics profits need to be add to the equation Saving + Profits = Investments and the IS-LM curve needs to add budget constraints as an influencing factor of the economy.

Suggested Citation

Dellenbarger, Lynn E. and Zhu, Lihong and Chen, Zhimin and Sadlier, Pim, Alternative Thoughts to Economic Theory (April 16, 2005). Available at SSRN: https://ssrn.com/abstract=756850 or http://dx.doi.org/10.2139/ssrn.756850

Lynn E. Dellenbarger (Contact Author)

Dellenbarger & Associates ( email )

P.O. Box 83980
Baton Rouge, LA 70884
United States

Lihong Zhu

Washington State University ( email )

Pullman, WA 99164
United States

Zhimin Chen

Independent ( email )

Pim Sadlier

Independent ( email )

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