Neoclassical Microeconomic Theory: The Founding Austrian Vision (Routledge Foundations of the Market Economy)
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Neoclassical Microeconomic Theory: The Founding Austrian Vision (Ro...
Book Details:
• Author: Anthony Endres
• Edition: 1
• Binding: Paperback
• Number of Pages: 288
• Release Date: 9th June 2015
• EAN: 9781138880931
• Languages: English
Details:
Carl Menger, Friedrich Wieser, and Eugen Bohm-Bawerk are acknowledged as pioneers in the development of neoclassical economics, as well as being recognized as the founders of the Austrian School of Economics. Neoclassical Microeconomic Theory examines their contribution and compares it with other branches of neoclassical economics that emerged between the 1870s and 1930s.
The author begins by exploring the initial stimulus provided by Carl Menger's work and demonstrates how the views of Menger, Wieser, and Bohm-Bawerk complement one another. It also discusses the tensions exhibited between them on several key topics: the scope and method of economics, theories of choice, price theory, competition, entrepreneurship, and capital formation and distribution.
