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Titlebook: Microeconomics for the Critical Mind; Mainstream and Heter Fabio Petri Textbook 2021 The Editor(s) (if applicable) and The Author(s), under

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书目名称Microeconomics for the Critical Mind
副标题Mainstream and Heter
编辑Fabio Petri
视频video
概述Offers a comprehensive overview of the status quo in microeconomic theory.Introduces both mainstream and alternative classical-inspired economic approaches.Discusses the reasons for the current discon
丛书名称Classroom Companion: Economics
图书封面Titlebook: Microeconomics for the Critical Mind; Mainstream and Heter Fabio Petri Textbook 2021 The Editor(s) (if applicable) and The Author(s), under
描述.This textbook explains comprehensively and in rigorous detail not only mainstream microeconomics, but also why many economists are dissatisfied with major aspects of it, and the alternative that they are exploring in response: the Classical-Keynesian-Kaleckian approach. This advanced yet user-friendly book allows readers to grasp the standard theory of consumers, firms, imperfect competition, general equilibrium, uncertainty, games and asymmetric information. Furthermore, it examines the classical approaches to value and income distribution advocated by Adam Smith, David Ricardo and Karl Marx, as well as Post-Keynesian pricing theory, and the microeconomics of variable capacity utilization. Using simple models, it highlights the analytical roots of the important differences between the marginal/neoclassical approach and the classical-Keynesian, critically examining the plausibility and reciprocal consistency of their assumptions..The book also addresses various microeconomicissues not generally included in advanced microeconomics textbooks, including differential land rent, joint-production long-period pricing, capital theory from Walras to the Cambridge debates, the foundations o
出版日期Textbook 2021
关键词advanced microeconomics; Cambridge debates in capital theory; theories of value and distribution; class
版次1
doihttps://doi.org/10.1007/978-3-030-62070-7
isbn_ebook978-3-030-62070-7Series ISSN 2662-2882 Series E-ISSN 2662-2890
issn_series 2662-2882
copyrightThe Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl
The information of publication is updating

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Long-Period Prices, notion of subsystem, and to the Leontief open model; the Leontief inverse connects to the notion of subsystems and clarifies the meaning of labour embodied in a commodity. Finally the theory of long-period prices is extended to include fixed capital. The online Appendix adds some clarifications on
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Firms, Partial Equilibria and the General Equilibrium with Production,rms, the equations of the non-capitalistic general equilibrium of production and exchange (without joint production) are presented, and it is shown that this equilibrium can be interpreted as an equilibrium of exchange: of indirect exchange of factor services. Demand is shown to influence relative p
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Existence, Uniqueness and Stability of Non-capitalistic General Equilibria, problem that renders a planner–auctioneer indispensable and that a new cause of possible instability arises, self-intensive consumption: Harry Johnson’s attempt to minimize its likelihood is reported. Mandler’s proof of stability under the Weak Axiom is reported, but an observation by Hildenbrand a
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Capital: Long-Period Equilibria,ing of traditional production functions with capital as one of the inputs is explained. Then the notion of Aggregate Production Function is illustrated, and its deficiencies highlighted. It is added that at the observed prices, wages may well correspond to the value marginal product of labour, but t
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