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Mengerian Microeconomics

The Forgotten Anglo-American Contribution to the Austrian School

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  • 236 stron
  • 9 godzin czytania

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Focusing on the contributions of the American and English "psychological" school to economic theory, the book examines how figures like Frank Knight and J.B. Clark enhanced the Austrian school by establishing a solid subjectivist foundation for production and distribution theories. It highlights their success in developing concepts of interest, profit, wages, and rents based on subjective value and marginal utility, moving away from outdated cost of production models. The work also speculates on the potential trajectory of mainstream economic theory had the Mengerian approach been fully embraced.

Wydanie

Zakup książki

Mengerian Microeconomics, Ivan Jankovic

Język
Rok wydania
2021
Oprawa
(twarda)
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Tytuł
Mengerian Microeconomics
Podtytuł
The Forgotten Anglo-American Contribution to the Austrian School
Język
angielski
Rok wydania
2021
Oprawa
twarda
Liczba stron
236
ISBN13
9783030577483
Seria
Tagi
Biznes
Opis
Focusing on the contributions of the American and English "psychological" school to economic theory, the book examines how figures like Frank Knight and J.B. Clark enhanced the Austrian school by establishing a solid subjectivist foundation for production and distribution theories. It highlights their success in developing concepts of interest, profit, wages, and rents based on subjective value and marginal utility, moving away from outdated cost of production models. The work also speculates on the potential trajectory of mainstream economic theory had the Mengerian approach been fully embraced.