The LeChatelier principle

Article Abstract:

Paul A. Samuelson's LeChatelier principle maintains that in input demand, changes in capital use tend to increase labor use in the long run. This principle determines conditions where economic factors may evoke a slow response to varying conditions. It can be used further to interpret and apply research findings. The principle also determines the reason for low estimates when price or income elasticities are based on time-series data.

Usage, Beliefs, opinions and attitudes, Work, Work (Labor), Capital, Samuelson, Paul A.

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The Savanna Principle

Article Abstract:

The Savanna Principle, which posits that a hypothesis about human behavior fails to the extent that its scope conditions and assumptions are inconsistent with the ancestral environment. It is suggested that its corollary might together explain the relative empirical failure of noncooperative game theory and public choice theory.

Behavior Theory, Models, Human behavior, Human acts, Economic theory, Human behaviour

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Representability of interval orders

Article Abstract:

Interval orders can be represented with full characterization by utilizing two real-valued functions. Analysis should furnish natural ordinal type conditions that will guarantee representability. A totally ordered set, however, requires perfect separability as a sufficient condition for representability.

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