Dilemmas in economic theory : persisting foundational problems of microeconomics / Michael Mandler.
By 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.
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
New York ; Oxford :
Oxford University Press,
2001.
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Table of Contents:
- 1. Introduction: The Transformation of Economic Theory; 2. Marginal Productivity and the Indeterminacy of Factor Prices; 3. The Prehistory of Distribution Theory: The Wage Fund and the Invention of Marginal Productivity; 4. The Ordinal Revolution; 5. Historical Issues in Preference Theory: Cardinality and the Transition to Ordinalism; 6. Paretian Welfare Economics; 7. A Positive Rate of Interest?; 8. Conclusion; References; Index.