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Dilemmas in Economic Theory: Persisting Foundational Problems in Microeconomics [Hardback]

(Associate Professor of Economics, Harvard University)
  • Formāts: Hardback, 224 pages, height x width x depth: 236x160x31 mm, weight: 544 g, figures
  • Izdošanas datums: 08-Apr-1999
  • Izdevniecība: Oxford University Press Inc
  • ISBN-10: 0195100875
  • ISBN-13: 9780195100877
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  • Hardback
  • Cena: 105,43 €
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Dilemmas in Economic Theory: Persisting Foundational Problems in MicroeconomicsPalielināt
  • Formāts: Hardback, 224 pages, height x width x depth: 236x160x31 mm, weight: 544 g, figures
  • Izdošanas datums: 08-Apr-1999
  • Izdevniecība: Oxford University Press Inc
  • ISBN-10: 0195100875
  • ISBN-13: 9780195100877
Citas grāmatas par šo tēmu:
Permanent link: https://www.kriso.lv/db/9780195100877.html
Keywords:
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.

Recenzijas

Mandler's thesis is so important and so obvious that it is hard to understand why this book has not been written before ... Mandler adopts a balanced perspective ... an excellent stimulating book. * Roger E.Backhouse, Journal of the History of Economic Thought, Vol.23, No.1, 2001 * A lively and comprehensive account . . . . This is truly a book with something for everyone. Milgrom's explanations draw on inorganic chemistry, organic chemistry, physical chemistry, and biochemistry. * Journal of Chemical Education *

1. Introduction: The Transformation of Economic Theory
3(13)
1.1 Three transitions
4(3)
1.2 The timing of the transitions
7(1)
1.3 Theory versus practice
8(2)
1.4 Where early neoclassical theory fails
10(1)
1.5 Interest theory: a further blindspot
11(2)
1.6 Why the history of economic theory?
13(3)
2. Marginal Productivity and the Indeterminacy of Factor Prices
16(36)
2.1 Introduction and overview
16(3)
2.2 Marginal productivity theory
19(1)
2.3 Initial criticisms of marginal productivity theory
20(2)
2.4 Nondifferentiable production and indeterminacy
22(1)
2.5 Alternatives to differentiable production
23(2)
2.6 Fixed-coefficients theory and its critics
25(5)
2.7 Long-run theories
30(7)
2.8 Factor pricing in contemporary theory
37(9)
2.9 Factor-price indeterminacy revisited: Sraffa and general equilibrium theory
46(3)
2.10 Conclusion
49(1)
Appendix
50(2)
3. The Prehistory of Distribution Theory: The Wage Fund and the Invention of Marginal Productivity
52(14)
3.1 Overview
52(1)
3.2 Factor pricing in classical economics
53(2)
3.3 The wage fund
55(4)
3.4 J.S. Mill and elastic factor supply
59(2)
3.5 Between the wage fund and marginal productivity
61(3)
3.6 The emergence of marginal productivity
64(1)
3.7 Conclusion
65(1)
4. The Ordinal Revolution
66(44)
4.1 Introduction
66(2)
4.2 Demand analysis and neoclassical economics
68(4)
4.3 Hedonism and its advantages
72(4)
4.4 Early neoclassical accounts of deliberation
76(2)
4.5 Ordinal preference theory
78(4)
4.6 Ordinalism versus cardinalism
82(3)
4.7 Diminishing marginal utility and psychological concavity
85(2)
4.8 Should assumptions be placed only on preferences?
87(6)
4.9 Convexity versus diminishing marginal utility
93(3)
4.10 Transitivity and completeness
96(8)
4.11 Conclusions
104(3)
4.12 Postscript: choice under uncertainty
107(3)
5. Historical Issues in Preference Theory: Cardinality and the Transition to Ordinalism
110(13)
5.1 Cardinality and cardinal measurability
111(1)
5.2 Cardinality based on pleasure
112(3)
5.3 The end of hedonism
115(2)
5.4 Fisher: non-hedonistic cardinality
117(4)
5.5 The move to ordinalism
121(2)
6. Paretian Welfare Economics
123(41)
6.1 Introduction and overview
123(2)
6.2 Economic utilitarianism
125(6)
6.3 Early neoclassical definitions of efficiency
131(3)
6.4 The rejection of utilitarianism
134(2)
6.5 Bergson-Samuelson social welfare functions
136(4)
6.5.1 An example: Harsanyi social welfare functions
138(2)
6.6 Compensation criteria
140(10)
6.6.1 Hicksian variations: cost-benefit analysis
142(3)
6.6.2 Output comparisons
145(5)
6.7 The postwar consensus
150(3)
6.8 Problems with Pareto optimality
153(4)
6.9 Policy paralysis: a social-choice example
157(5)
6.10 Conclusion
162(2)
7. A Positive Rate of Interest?
164(27)
7.1 Introduction
164(3)
7.2 The classical position
167(3)
7.3 Early neoclassical interest rate theory
170(5)
7.4 Contemporary interest rate theory and the impatience assumption
175(5)
7.5 Technological arguments for a positive interest rate
180(7)
7.6 Land and interest
187(1)
7.7 Conclusion
188(1)
Appendix
189(2)
8. Conclusion
191(2)
8.1 Anomaly versus norm in theoretical models
191(1)
8.2 Form and content
192(1)
References 193(10)
Index 203