Mengerian Microeconomics is popular PDF and ePub book, written by Ivan Jankovic in 2021-01-04, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Mengerian Microeconomics can be Read Online from any device for your convenience.
Mengerian Microeconomics Book PDF Summary
This book explores the neglected contribution of the American and English “psychological” school to economic theory, especially to the development and refinement of the Austrian school of economics. It argues that Frank Knight, Frank Fetter, Herbert Davenport, Philip Wicksteed and J.B. Clark among others improved on the original Austrian theory by Menger and Bohm-Bawerk by providing a coherent subjectivist foundation for the theories of production and distribution. They succeeded where economic theory before them failed – to develop the theories of interest, profit, wages and rents based solely on the principles of subjective value and marginal utility, eschewing the last remnants of the old cost of production models. This book represents a look at what mainstream economic theory might have looked like had the erasure of Mengerian Austrian price theory by Marshallian and Walrasian thoeries not taken place, and had the improvements and refinements of the Mengerian tradition, itself done by the Anglo-Saxon followers of Menger, been fully appropriated.
Detail Book of Mengerian Microeconomics PDF
- Author : Ivan Jankovic
- Release : 04 January 2021
- Publisher : Springer Nature
- ISBN : 9783030577490
- Genre : Business & Economics
- Total Page : 228 pages
- Language : English
- PDF File Size : 14,7 Mb
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