kaal:claim:4900878-005

The classical law of supply and demand fails because supply and demand curves cannot be measured independently and because economic interactions are intrinsically probabilistic rather than continuous and deterministic.

such as the impossibility of measuring supply or demand curves independently, the intrinsically probabilistic nature of economic interactions

Wulf A. Kaal, Quantum Economy and Tokenomics (2024), 2.3 Comparison with Classical Economics, p. 12
https://ssrn.com/abstract=4900878 · source PDF

Wulf A. Kaal, Quantum Economy and Tokenomics (2024). SSRN: https://ssrn.com/abstract=4900878

• applies to the continuity and determinism assumptions of classical supply and demand

failuresupport: arguedfailure: unmeasurable-supply-demand-curvesfamily: measurement-and-metric-failuretokenomicseconomicsresearch-methods

• extended_by kaal:claim:4900880-008 The classical law of supply and demand fails on three specific grounds: supply and demand curves cannot be mea...

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