Quarterly Journal of Austrian Economics
Author:
Walter Block
William Barnett II
Online Publish Date:
Volume 15, No. 2 (Summer 2012) Transitivity in economics maintains that if a is preferred to b , and b to c , then a must also be preferred to c. The problem with this is that these three decisions are made at different points of time, and tastes may have changed in the interim. The difficulty with a rejection of transitivity (which