Dilemmas In Economic Theory Persisting Foundational Problems Of Microeconomics

Download or read book Dilemmas in Economic Theory written by Michael Mandler and published by Oxford University Press, USA. This book was released on 1999 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text 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 problems faced in the early part of the century, that led in many cases to revolutions in the 1930s and 40s, have not been successfully resolved by later theoretical work.