Dilemmas in Economic Theory

Download or Read eBook Dilemmas in Economic Theory PDF 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.

Author	: Michael Mandler
Publisher	: Oxford University Press
Total Pages	: 222
Release	: 1999-02-25
ISBN-10	: 9780198026112
ISBN-13	: 0198026110
Rating	: 4/5 (12 Downloads)

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Book Synopsis Dilemmas in Economic Theory by : Michael Mandler

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.

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