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On The Reappraisal Of Microeconomics: Economic Growth And Change In a Material Change.

On The Reappraisal Of Microeconomics: Economic Growth And Change In a Material Change.

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  • ISBN:9781845422721
  • Editorial: Edward Elgar
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  • Nº Pág.:240
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The conventional utility-based approach to microeconomics is now nearly a century old and although frequently criticised, it has yet to be replaced. On the Reappraisal of Microeconomics offers an alternative approach that overcomes most of the objections to orthodox theory, whilst offering some unique additional advantages.

Contents: Introduction 1. Models of Human Behavior 2. Micro-Foundations of Economics 3. Economic Agents, Actions and Wealth 4. The Z-Function 5. Decision-Making Strategies 6. Dynamics 7. From Agent to Aggregation 8. The Drivers of Long-Term Growth: Knowledge, Technological Change and Radical Innovation Appendix A: Money and Credit Appendix B: Balance Equations; Accounting Relationships Appendix C: Explicit Representations of Value and Wealth Functions and Supply-Demand Curves Appendix D: Properties of the Matrix References

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