Mengerian Microeconomics

The Forgotten Anglo-American Contribution to the Austrian School de

Éditeur :

Palgrave Macmillan


Collection :

Palgrave Studies in Classical Liberalism

Paru le : 2021-01-04

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Description


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.
 


 
Pages
222 pages
Collection
Palgrave Studies in Classical Liberalism
Parution
2021-01-04
Marque
Palgrave Macmillan
EAN papier
9783030577483
EAN PDF
9783030577490

Informations sur l'ebook
Nombre pages copiables
2
Nombre pages imprimables
22
Taille du fichier
3860 Ko
Prix
105,49 €
EAN EPUB
9783030577490

Informations sur l'ebook
Nombre pages copiables
2
Nombre pages imprimables
22
Taille du fichier
952 Ko
Prix
105,49 €