Assigning Explanation Under Simultaneous Price and Preference Shifts

This article is part 2 of 4 in a series on the preference elasticity of demand. This article will include the following: Gains to Utility from Preference Shift Identify the Preference-Substitution Effect Identify the Preference-Income Effect Simultaneous Price and Preference Shift Total Quantity Explained by Factor The subsequent article will refine the explanatory assignment using … Read more Assigning Explanation Under Simultaneous Price and Preference Shifts

The Preference Elasticity of Demand: Overview and Motivation

Standard microeconomics includes a discussion on the Hicksian demand curve. This article extends a similar analysis to establish a post-Beckerian framework for the analysis of preference change. A big shoutout to Desmos which was used to create all of the graphs this post will contain. The series will proceed as follows: Overview and Motivation Assigning … Read more The Preference Elasticity of Demand: Overview and Motivation

Elasticity of Belief and Presuppositional Economics

In thinking about the relationship between Christianity and Economics, it is interesting to consider the possibility of adapting a style of Christian apologetics into an approach to economics thought. The particular style this article is concerned with is the idea of presuppositionalism. In short, presuppositionalism argues for Christianity by attempting to prove the absurdity of … Read more Elasticity of Belief and Presuppositional Economics