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Dilemmas in Economic Theory

Persisting Foundational Problems of Microeconomics

Dilemmas in Economic Theory by Michael Mandler
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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.
Oxford University Press; February 1999
222 pages; ISBN 9780198026112
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Title: Dilemmas in Economic Theory
Author: Michael Mandler