An Exploratory Survey Study into the Validity of Economic Assumptions

23 Pages Posted: 9 Oct 2003

See all articles by David A. Pardo

David A. Pardo

University of Phoenix - Washington Campus

Reilly Atkinson


Date Written: September 10, 2003


A questionnaire administered to two independent student samples examined the assumptions behind the theories of the Chicago School of Economics. On the normative question statements the respondents did not agree with these assumptions. Furthermore, the normative position of the respondents contradicted the logic of positive economics. This important contradiction should be explained to the beginning economics student. Positive economics itself was also called into question, suggesting that its complete validity should be investigated with high impact deception studies.

JEL Classification: A12, A13, A20, A22, A23, A29

Suggested Citation

Pardo, David A. and Atkinson, Reilly, An Exploratory Survey Study into the Validity of Economic Assumptions (September 10, 2003). Available at SSRN:

David A. Pardo (Contact Author)

University of Phoenix - Washington Campus ( email )

Tukwila, WA 98188
United States
206-517-7929 (Phone)

Reilly Atkinson

Independent ( email )

2262 98th Ave NE
Bellevue, 98004
425-462-7211 (Phone)

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