Russell's Paradox and Economics

4 Pages Posted: 2 Sep 2013 Last revised: 4 Oct 2013

See all articles by Hak Choi

Hak Choi

Chienkuo Technology University - Department of International Business; Chung-Hua Institution for Economic Research

Date Written: September 1, 2013

Abstract

Bertrand Russell used a simple paradox to disprove set theory. Thence, set theory has become a secondary tool of mathematics. Economists seem unaware of this incidence and continue to use this tool. This paper also proves that Walras' arbitrator, Nash's umpire, Arrow's dictator, and Arrow-Debreu's general equilibrium are all contradictory. It then reveals that the true meaning of the paradoxes.

Keywords: Set Theory, General Equilibrium, Russell's Paradox

JEL Classification: C01, C68

Suggested Citation

Choi, Hak, Russell's Paradox and Economics (September 1, 2013). Available at SSRN: https://ssrn.com/abstract=2319012 or http://dx.doi.org/10.2139/ssrn.2319012

Hak Choi (Contact Author)

Chienkuo Technology University - Department of International Business ( email )

No.1, Chiehsou N. Road
Changhua City, 500
Taiwan
+886 91 901-4618 (Phone)

HOME PAGE: http://euntold.wordpress.com

Chung-Hua Institution for Economic Research ( email )

75, Changhsin St.
Taipei
Taiwan

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
333
Abstract Views
1,892
Rank
165,542
PlumX Metrics