9780195100877 alk. paper 9780195145755 9781280451782 9786610451784 9780198026112
Alternate Call Number
B 75 MAN.D
Summary
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.
Bibliography, etc. Note
Includes bibliographical references and index.
Formatted Contents Note
Introduction: the transformation of economic theory Marginal productivity and the indeterminacy of factor prices The prehistory of distribution theory The ordinal revolution Historical issues in preference theory Paretian welfare economics A positive rate of interest? Conclusion.