Samuelson, P. (1948) Foundations of Economic Analysis
or Varian, H. (1992) Microeconomic Analysis, 3rd ed, Ch 8.
On Wed, 24 Jan 2001, Ananda Gupta wrote:
> People say they want things. But when it comes time to bear the costs of
> having those things, they change their minds. That is, people's true
> preferences can be best discovered through observing their actions, not
> their words.
>
> Does anyone know of any formal economics literature having to do with the
> above proposition? Are there any articles considered classics (since that
> does seem to be a basic issue in economics)?
>
> -ASG
>
