Dilemmas in Economic Theory

Name: Dilemmas in Economic Theory | Persisting Foundational Problems of Microeconomics
Brand: OUP USA
Price: 51.99 EUR
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Persisting Foundational Problems of Microeconomics

Michael Mandler(Autor*in)

OUP USA (Verlag)

Erschienen am 25. Februar 1999

222 Seiten

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978-0-19-802611-2 (ISBN)

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Inhalt

Intro
Contents
1. Introduction: The Transformation of Economic Theory
1.1 Three transitions
1.2 The timing of the transitions
1.3 Theory versus practice
1.4 Where early neoclassical theory fails
1.5 Interest theory: a further blindspot
1.6 Why the history of economic theory?
2. Marginal Productivity and the Indeterminacy of Factor Prices
2.1 Introduction and overview
2.2 Marginal productivity theory
2.3 Initial criticisms of marginal productivity theory
2.4 Nondifferentiable production and indeterminacy
2.5 Alternatives to differentiable production
2.6 Fixed-coefficients theory and its critics
2.7 Long-run theories
2.8 Factor pricing in contemporary theory
2.9 Factor-price indeterminacy revisited: Sraffa and general equilibrium theory
2.10 Conclusion
Appendix
3. The Prehistory of Distribution Theory: The Wage Fund and the Invention of Marginal Productivity
3.1 Overview
3.2 Factor pricing in classical economics
3.3 The wage fund
3.4 J.S. Mill and elastic factor supply
3.5 Between the wage fund and marginal productivity
3.6 The emergence of marginal productivity
3.7 Conclusion
4. The Ordinal Revolution
4.1 Introduction
4.2 Demand analysis and neoclassical economics
4.3 Hedonism and its advantages
4.4 Early neoclassical accounts of deliberation
4.5 Ordinal preference theory
4.6 Ordinalism versus cardinalism
4.7 Diminishing marginal utility and psychological concavity
4.8 Should assumptions be placed only on preferences?
4.9 Convexity versus diminishing marginal utility
4.10 Transitivity and completeness
4.11 Conclusions
4.12 Postscript: choice under uncertainty
5. Historical Issues in Preference Theory: Cardinality and the Transition to Ordinalism
5.1 Cardinality and cardinal measurability
5.2 Cardinality based on pleasure
5.3 The end of hedonism
5.4 Fisher: non-hedonistic cardinality
5.5 The move to ordinalism
6. Paretian Welfare Economics
6.1 Introduction and overview
6.2 Economic utilitarianism
6.3 Early neoclassical definitions of efficiency
6.4 The rejection of utilitarianism
6.5 Bergson-Samuelson social welfare functions
6.5.1 An example: Harsanyi social welfare functions
6.6 Compensation criteria
6.6.1 Hicksian variations: cost-benefit analysis
6.6.2 Output comparisons
6.7 The postwar consensus
6.8 Problems with Pareto optimality
6.9 Policy paralysis: a social-choice example
6.10 Conclusion
7. A Positive Rate of Interest?
7.1 Introduction
7.2 The classical position
7.3 Early neoclassical interest rate theory
7.4 Contemporary interest rate theory and the impatience assumption
7.5 Technological arguments for a positive interest rate
7.6 Land and interest
7.7 Conclusion
Appendix
8. Conclusion
8.1 Anomaly versus norm in theoretical models
8.2 Form and content
References
Index
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F
G
H
I
J
K
L
M
N
O
P
Q
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U
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W
Y
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