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9780415064330

The Principles of Economics: Some Lies My Teacher Told Me

by ;
  • ISBN13:

    9780415064330

  • ISBN10:

    0415064333

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 1992-06-05
  • Publisher: Routledge

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Summary

Should we accept the principles of neoclassical economics?The Principles of Economicsdevelops effective critiques of neoclassical economics and focuses on the importance of criticism as a tool for enhancing understanding. The focus of the critiques is on the foundations of neoclassical theory, beginning with those that Alfred Marshall called the "Principles of Economics." Lawrence Boland highlights the problems of effective model building without drawing on the common assumption of maximizing behavior--a frequent target of criticism. Boland argues that critics should turn to Marshall's other key principle, the "Principle of Continuity," for best results. The Principles of Economicsdemonstrates that there is still much to be done to make neoclassical economics more realistic. The right place to begin is with an honest, yet constructive, criticism of the principles of economics.

Table of Contents

Hypothesis
Marshall's `Principles' and the `Element of Time'
Marshall's `Principle of Continuity'
Axiomatic Analysis of Equilibrium States
Axiomatic Analysis of Disequilibrium States
Some Neglected Elements
Knowledge in Neoclassical Economic Theory
A Naive Theory of Technology and Change
Knowledge and Institutions in Economic Theory
Some Missing Elements
The Foundations of Keynes' Methodolgy
Individualism without Psychology
Methodology and the Individual Decision-maker
Some Technical Question
Lexicographic Orderings
Revealed Preference vs Ordinal Demand
Giffen Goods vs Market Determined Prices Epilogue: Learning Economic Theory through Criticism
Table of Contents provided by Publisher. All Rights Reserved.

Supplemental Materials

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