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Methodology for a New Microeconomics (Routledge Revivals) - The Critical Foundations (Paperback)
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Methodology for a New Microeconomics (Routledge Revivals) - The Critical Foundations (Paperback)
Series: Routledge Revivals
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First published in 1986, this title argues that the successful
development of a new microeconomics requires a deeper understanding
of methodological individualism and its role in stability analysis.
Lawrence Boland expounds a critique of neoclassical models, which,
he contends, often fail to include an explicit stability analysis.
He demonstrates that much of the sophisticated theoretical
literature over the past thirty years can be understood as ad hoc
attempts to overcome the deficiencies of such models in the absence
of cogent stability analyses. In conclusion, he explains the need
to update the theory taught at universities, and to develop a truly
individualist version of microeconomics that is consistent with the
methodological principles of major neoclassical models. An
important contribution to economic methodology, this work is a
highly valuable resource for all students and teachers of economics
at the undergraduate level.
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