Neoclassical Microeconomic Theory: The Founding Austrian Vision PDF
286 Pages·1997·1.411 MB·English
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Carl Menger, Friedrich Wieser and Eugen Bohm-Bawerk are acknowledged as pioneers in the development of neoclassical economics, as well as being recognized as the founders of the Austrian School of Economics. Neoclassical Microeconomic Theory examines their contribution and compares it with the other branches of neoclassical economics that emerged between the 1870s and 1930s. A.M. Endres begins by exploring the initial stimulus provided by Carl Menger's work, and then demonstrates the complementarities and tensions between Menger's, Wieser's and Bohm-Bawerk's views on such issues as: the scope and method of economics; theories of choice; price theory; competition; entrepreneurship; and capital formation and distribution.
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