Dilemmas in Economic Theory
Author | : Michael Mandler |
Publisher | : Oxford University Press |
Total Pages | : 222 |
Release | : 1999-02-25 |
ISBN-10 | : 9780198026112 |
ISBN-13 | : 0198026110 |
Rating | : 4/5 (110 Downloads) |
Download or read book Dilemmas in Economic Theory written by Michael Mandler and published by Oxford University Press. This book was released on 1999-02-25 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 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.