Dilemmas in Economic Theory: Persisting Foundational Problems of Microeconomics

Dilemmas in Economic Theory: Persisting Foundational Problems of Microeconomics
ISBN-10
0195100875
ISBN-13
9780195100877
Category
Microeconomics
Pages
211
Language
English
Published
1999
Publisher
Oxford University Press on Demand
Author
Michael Mandler

Description

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. It argues that many of the problems faced in the early part of the century, that led in many cases to revolutions in the 1930s and 40s, have not been successfully resolved by later theoretical work.

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