ABSTRACT
It is evident that the construction of a behaviour line (or indifference curve) is seen by Samuelson as an important and proper application of the new theory.
8. Because we disagree with Samuelson on the propriety of the present application of the Samuelson Theory to the construction of an indifference curve from market observations, it is necessary for us to document our position. The remainder of this section is devoted to this task. In addition, we offer a reinterpretation of the purpose and significance of the Samuelson Theory, one which reconciles, though not costlessly, the aforementioned conflict between the aim of constructing an indifference curve and the rejection of ordinal utility theory.
