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Dilemmas in Economic Theory: Persisting Foundational Problems in Microeconomics Michael Mandler

Dilemmas in Economic Theory: Persisting Foundational Problems in Microeconomics

Michael Mandler

Published February 25th 1999
ISBN : 9780195100877
Hardcover
224 pages
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 About the Book 

By examining the development of economics in the 20th century, this book argues that the breakthroughs of post WWII general equilibrium theory and its rejection of utilitarianism and marginal productivity have been misunderstood. Mandler maintainsMoreBy examining the development of economics in the 20th century, this book argues that the breakthroughs of post WWII 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.