Dilemmas in Economic Theory: Persisting Foundational Problems of Microeconomics

Dilemmas in Economic Theory: Persisting Foundational Problems of Microeconomics
ISBN-10
0195349202
ISBN-13
9780195349207
Category
Business & Economics
Pages
224
Language
English
Published
1999-01-29
Publisher
Oxford University Press, USA
Author
Michael Mandler Associate Professor of Economics Harvard University

Description

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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