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Dilemmas in Economic Theory examines the innovations of postwar economics and argues that the greater generality of current equilibrium analysis conceals deep-seated problems. This book does not dismiss neoclassical theory. Instead, it identifies internal difficulties and dilemmas.
Dilemmas in Economic Theory links the technical arcana of contemporary theory to the substantive questions that economists wrestled with prior to the Arrow-Debreu revolution. But it does not try to revive long-expired theoretical fashions. Early neoclassical welfare theorists were unable to supply the interpersonal welfare comparisons that utilitarianism requires, and plausible versions of marginal productivity are applicable only under narrow circumstances.
This book instead explores foundational problems and the challenges of solving them. When these difficulties are recognized, a more coherent and credible economic theory can emerge.
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Previews available in: English
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1
Dilemmas in Economic Theory: Persisting Foundational Problems of Microeconomics
February 28, 2001, Oxford University Press, USA
in English
0195145755 9780195145755
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2
Dilemmas in Economic Theory: Persisting Foundational Problems in Microeconomics
2001, Oxford University Press, Incorporated
in English
0195349202 9780195349207
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3
Dilemmas in Economic Theory: Persisting Foundational Problems of Microeconomics
1999, Oxford University Press
in English
1280451785 9781280451782
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4
Dilemmas in economic theory: persisting foundational problems of microeconomics
1999, Oxford University Press
in English
0195100875 9780195100877
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Book Details
First Sentence
"While much has been written about the breach between classical and neoclassical economics, an equally significant divide lies within neoclassical theory, separating the "early neoclassicism" of the late nineteenth-early twentieth centuries from the general equilibrium models predominant since World War II."
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First Sentence
"While much has been written about the breach between classical and neoclassical economics, an equally significant divide lies within neoclassical theory, separating the "early neoclassicism" of the late nineteenth-early twentieth centuries from the general equilibrium models predominant since World War II."
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