Dilemmas in Economic Theory

Dilemmas in Economic Theory : Persisting Foundational Problems of Microeconomics

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Description

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.show more

Product details

  • Paperback | 224 pages
  • 154 x 232 x 18mm | 381.02g
  • Oxford University Press Inc
  • New York, United States
  • English
  • Revised ed.
  • 8 line figures
  • 0195145755
  • 9780195145755
  • 1,642,986

Review quote

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 *show more

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