Neoclassical Microeconomic Theory

Neoclassical Microeconomic Theory : The Founding Austrian Vision

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Carl Menger, Friedrich Wieser and Eugen Bohm-Bawerk are acknowledged as pioneers in the development of neoclassical economics, as well as being recognized as the founders of the Austrian School of Economics. Neoclassical Microeconomic Theory examines their contribution and compares it with the other branches of neoclassical economics that emerged between the 1870's and 1930's. The author begins by exploring the initial stimulus provided by Carl Menger's work, and then demonstrates how the views of Menger, Weiser and Bohm-Bawerk complement one another and the tensions exhibited between them: the scope and method of economics; theories of choice; price theory; competition; entrepreneurship; and capital formation and more

Product details

  • Paperback | 288 pages
  • 148.6 x 214.1 x 18.5mm | 358.34g
  • Taylor & Francis Ltd
  • London, United Kingdom
  • English
  • 1138880930
  • 9781138880931

Table of contents

1. In What Senses Were the Founding Austrians 'Neoclassical' Economists? 2. The Founding Austrian Conceptions of Economics 3. Carl Menger's Analysis of Choice 4. Wieser and Bohm-Bawerk on Economizing Behaviour 5. Carl Menger's Theory of Price Formation 6. Bohm-Bawerk's Value and Price Theory 7. The Process of Competition in Founding Austrian Economic Theory I: Menger's Principles 8. The Process of Competition in Founding Austrian Economic Theory II: Wieser and Bohm-Bawerk 9. Capital in Founding Austrian Economic Theory: Menger versus Bohm-Bawerk 10. Mengerian Distribution Theory: Wieser's Contribution 11. The Founding Austrian Version of Neoclassical Microeconomics: Summary and Conclusionsshow more