Dilemmas in economic theory persisting foundational problems of microeconomics - Mandler, Michael (Oxford University Press, 2001)
Originally published: 1999
Includes bibliographical references and index
1. Introduction: The Transformation of Economic Theory; 2. Marginal Productivity and the Indeterminacy of Factor Prices; 3. The Prehistory of Distribution Theory: The Wage Fund and the Invention of Marginal Productivity; 4. The Ordinal Revolution; 5. Historical Issues in Preference Theory: Cardinality and the Transition to Ordinalism; 6. Paretian Welfare Economics; 7. A Positive Rate of Interest?; 8. Conclusion; References; Index
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