Dilemmas in Economic Theory - Persisting Foundational Problems in Microeconomics

Zusatztext A lively and comprehensive account . . . . This is truly a book with something for everyone. Milgrom's explanations draw on inorganic chemistry, organic chemistry, physical chemistry, and biochemistry. Klappentext By examining the development of economics in the 20th century! this book argues that the breakthroughs of post WWII general equilibrium theory and its rejection of utilitarianism and marginal productivity have been misunderstood. Mandler maintains that although earlier neoclassicism deserved criticism! current theory does not adequately address the problems the discarded concepts were designed to solve! and that intractable dilemmas therefore appear. Zusammenfassung This text compares the economic theory of the early neoclassical economists with the theory of value of the post-World War II period, and in particular the Arrow-Debreu model of general equilibrium.

Product details

• Authors: Michael Mandler, Michael (Associate Professor of Economics Mandler, Mandler Michael
• Publisher: Oxford University Press
• Languages: English
• Product format: Hardback
• Released: 01.10.1998
• EAN: 9780195100877
• ISBN: 978-0-19-510087-7
• No. of pages: 222
• Subjects: Social sciences, law, business > Business > General, dictionaries; BUSINESS & ECONOMICS / Economics / Theory, BUSINESS & ECONOMICS / Economics / Microeconomics, Economic theory & philosophy, Microeconomics, Economic theory and philosophy