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Dilemmas in Economic Theory
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Dilemmas in Economic Theory : Persisting Foundational Problems of Microeconomics

Book Details

Format Paperback / Softback
ISBN-10 0195145755
ISBN-13 9780195145755
Publisher Oxford University Press Inc
Imprint Oxford University Press Inc
Country of Manufacture GB
Country of Publication GB
Publication Date May 3rd, 2001
Print length 224 Pages
Weight 352 grams
Dimensions 23.00 x 15.20 x 1.40 cms
Ksh 12,050.00
Manufactured on Demand 0 in stock

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By examining the development of economics in the 20th century, this book argues that the breakthroughs of post-World War II general equilibrium theory and its rejection of utilitarianism and marginal productivity have been misunderstood.
By examining the development of economics in the 20th century, this book argues that the breakthroughs of post-World War II 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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