Dilemmas in Economic Theory Persisting Foundational Problems of Microeconomics

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. 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.Mandler, Michael is the author of 'Dilemmas in Economic Theory Persisting Foundational Problems of Microeconomics' with ISBN 9780195145755 and ISBN 0195145755.