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Books > Business & Economics > Economics > Microeconomics
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Microeconomic Theory - A Heterodox Approach (Paperback)
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Microeconomic Theory - A Heterodox Approach (Paperback)
Series: Routledge Advances in Heterodox Economics
Expected to ship within 12 - 19 working days
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Microeconomic Theory: A Heterodox Approach develops a heterodox
economic theory that explains the economy as the social
provisioning process at the micro level. Heterodox microeconomics
explores the economy with a focus on its constituent parts and
their reproduction and recurrence, their integration qua
interdependency by non-market and market arrangements and
institutions, and how the system works as a whole. This book deals
with three theoretical concerns. Due to the significance of the
price mechanism to mainstream economics, a theoretical concern of
the book is the business enterprise, markets, demand, and pricing.
Also, since heterodox economists see private investment,
consumption and government expenditures as the principal directors
and drivers of economic activity, a second theoretical concern is
business decision-making processes regarding investment and
production, government expenditure decisions, the financing of
investment, the profit mark-up and the wage rate, and taxes.
Finally, the third theoretical concern of the book is the
delineation of a non-equilibrium disaggregated price-output model
of the social provisioning process. This book explores the
integration of these various theories with a theoretical model of
the economy and how this forms a theory that can be identified as
heterodox microeconomics. It will be of interest to both
postgraduates and researchers.
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