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A Radical Reformation of Neoclassical Economics: Market Equilibrium, Perfect Competition, Value Theory, Income Distribution, Social Welfare - Softcover

Nomidis, Dimitrios

 
9789975153393: A Radical Reformation of Neoclassical Economics: Market Equilibrium, Perfect Competition, Value Theory, Income Distribution, Social Welfare
Softcover
ISBN 10: 9975153399 ISBN 13: 9789975153393
Verlag: Generis Publishing, 2020

Inhaltsangabe

During the second half of the twentieth-century economic theory moved increasingly away from price theory, which was gradually displaced by more modern and complicated trends such as game theory, behavioral-empirical-experimental economics, neuroeconomics, heterodox economics, etc. This was due to serious shortcomings and mistakes of the traditional theory that is based on Neoclassical economics. The correction of those mistakes entails dramatic changes in the Neoclassical theory and its fundamental outcomes, concerning perfect competition, price determination, value theory, income distribution, social welfare, and other major fields of economics. This also results in an integrated theory in which market functions, regardless of the number of firms, i.e. from monopoly to perfect competition. Moreover, by this reformation traditional price theory regains its self-efficiency, prestige, and dominant position in economics.

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Verlag
Generis Publishing
Erscheinungsdatum
2020
Sprache
Englisch
ISBN 10 
9975153399
ISBN 13 
9789975153393
Einband
Taschenbuch
Anzahl der Seiten
60
Kontakt zum Hersteller
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