Dilemmas in Economic Theory

Dilemmas in Economic Theory : Persisting Foundational Problems in Microeconomics

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This book 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 difficult problems faced in the early parts 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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Product details

  • Hardback | 222 pages
  • 163.1 x 237.7 x 19.6mm | 587.22g
  • Oxford University Press Inc
  • New York, United States
  • English
  • figures
  • 0195100875
  • 9780195100877

Review quote

A lively and comprehensive account . . . . This is truly a book with something for everyone. Milgrom's explanations draw on inorganic chemistry, organic chemistry, physical chemistry, and biochemistry. * Journal of Chemical Education * Mandler's thesis is so important and so obvious that it is hard to understand why this book has not been written before ... Mandler adopts a balanced perspective ... an excellent stimulating book. * Roger E.Backhouse, Journal of the History of Economic Thought, Vol.23, No.1, 2001 *
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