Dilemmas in Economic Theory : Persisting Foundational Problems in Microeconomics
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.
- Hardback | 222 pages
- 163.1 x 237.7 x 19.6mm | 587.22g
- 25 Feb 1999
- Oxford University Press Inc
- New York, United States
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 *