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Dilemmas in Economic Theory: Persisting Foundational Problems of Microeconomics

Dilemmas in Economic Theory: Persisting Foundational Problems of Microeconomics

Paperback

Economics

ISBN10: 0195145755
ISBN13: 9780195145755
Publisher: Oxford University Press
Published: Mar 29 2001
Pages: 224
Weight: 0.78
Height: 0.67 Width: 6.26 Depth: 9.16
Language: English
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.

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Economics