This book 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 difficult problems faced in the early parts of the century -- that led in many cases to revolutions in the 1930s and 40s -- have not been successfully resolved by later theoretical work.
Reviews
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 *



Book Information
ISBN 9780195100877
Author Michael Mandler
Format Hardback
Page Count 224
Imprint Oxford University Press Inc
Publisher Oxford University Press Inc
Weight(grams) 544g
Dimensions(mm) 236mm * 160mm * 31mm