The proper reconstruction of exchange economics

Abstract

This article emends the distinction between T-theoretical and non-T-theoretical terms of a theory T used in the theory of pure exchange economics: PEE (Balzer, 1982). In this former article utilityand equilibrium were treated as PEE-theoretical terms. In this paper the meta-theoretical position of utility is changed. Utility is replaced by price. This change is, on the one hand, supported by arguments from the structuralistic theory of theories, on the other hand, this change has central implications for the structuralistic meta-theory