A feminist challenge to Paul A. Samuelson’s Overlapping Generations Model. Conference Paper

Schönpflug, KarinORCID: https://orcid.org/0000-0002-6511-9817 and Behrens, Doris A. (2000) A feminist challenge to Paul A. Samuelson’s Overlapping Generations Model. Conference Paper. In: August 2000. Conference: 9th Conference of the International Association for Feminist Economics (IAFFE), June 2000, Bogaziçi University, Istanbul, Turkey.

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Abstract

We look at Paul A. Samuelson’s 1958 article “An Exact Consumption-Loan Model of Interest With or Without the Social Contrivance of Money” as an exemplary, Neo-classically misconstructed model of nowadays society and its economic activities. The failure to notice the existence of unpaid labor in the framework of the model, and the implicit dependence of the outcomes on unpaid (omitted) reproduction work has apparently gone unchallenged so far. The logical inconsistencies of the model and their androcentric backgrounds are discussed in this paper. Furthermore, we aim to debate (but not explicitly formulate) an alternative modeling approach based on the use of Genetic Algorithms to include – at least some – crucial features of modern society in its whole heterogeneity.

Item Type:	Conference or Workshop Item (Paper)
Keywords:	OLG, feminism, critique, Genetic Algorithms, retirement contributions
Research Units:	Former Research Units (until 2020) > Security and Stability
Date Deposited:	08 Nov 2017 09:05
Last Modified:	26 Jul 2019 08:19
URI:	https://irihs.ihs.ac.at/id/eprint/4385

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