Dilemmas in Economic Theory: Persisting Foundational Problems of Microeconomics

Paperback | January 15, 2001

byMichael Mandler

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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 deservedcriticism, 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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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 deservedcriticism, current theory does not adequately...

Michael Mandler is at Harvard University.
Format:PaperbackPublished:January 15, 2001Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0195145755

ISBN - 13:9780195145755

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