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Dilemmas in Economic Theory: Persisting Foundational Problems of Microeconomics Paperback English by Michael Mandler

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Product Overview
Specifications
PublisherOxford University Press, USA
ISBN 139780195145755
AuthorMichael Mandler
Book FormatPaperback
LanguageEnglish
Book DescriptionBy 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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