Abstract

The Revealed Preferences Theory (RPT) was developed with the goal of liberating Economic Theory from criticism that came from its origin tied to Utilitarianism. The purpose was to establish the foundations of Economic Theory only in facts, with philosophical neutrality to all human action theories, and without leaning on any introspective consideration. Despite this, I will show that assumptions — that are not based in facts — are subtly introduced to derive the basic results from Economic Theory. I propose to abandon RPT because it will foster a richer debate on the human action assumptions present in the foundations of Economic Theory.

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