The Sonnenschein-Mantel-Debreu results severely limit macroeconomic foundations
the verdict
SUPPORTED
the evidence backs this
confidence 79/100
The Sonnenschein-Mantel-Debreu results show that standard microeconomic foundations do not guarantee well-behaved aggregate demand, heavily limiting traditional macro-foundations.
Evidence for · 3
Why do we need agent-based macroeconomics?
2022 · cited by 4
Paper 2 argues that the limitations of the neoclassical approach, including reductionist micro-foundations, necessitate alternative methods like agent-based macroeconomics.
See more details
More for · 2
A Forward-Looking Sonnenschein–Mantel–Debreu Theorem
2026 · cited by 0
Paper 4 explicitly acknowledges that the Sonnenschein-Mantel-Debreu theorem demonstrates how aggregate excess demand lacks restrictions despite well-behaved micro preferences, motivating forward-looking alternatives.
A Forward-Looking Sonnenschein-Mantel-Debreu Theorem
2026 · cited by 0
Paper 5 reaffirms the premise of the Sonnenschein-Mantel-Debreu theorem regarding the arbitrary nature of unconstrained aggregate excess demand from micro foundations.