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Dilemmas in Economic Theory: Persisting Foundational Problems of Microeconomics
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ISBN: 0195100875
Author: Mandler, Michael
Condition: New
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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Dilemmas in Economic Theory: Persisting Foundational Problems of Microeconomics