Dilemmas in Economic Theory Persisting Foundational Problems of Microeconomics |
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| Author:
| Mandler, Michael |
| ISBN: | 978-0-19-510087-7 |
| Publication Date: | Feb 1999 |
| Publisher: | Oxford University Press, Incorporated
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| Book Format: | Hardback |
| List Price: | USD $145.00 |
Book Description:
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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.
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.