Neoclassical Microeconomic Theory The Founding Austrian Version
Neoclassical Microeconomic Theory The Founding Austrian Version by A. M. Endres, published by Psychology Press in 1997, offers an in-depth examination of the foundational contributions of Carl Menger, Friedrich Wieser, and Eugen Bohm-Bawerk to neoclassical economics. This edition spans 271 pages and is presented in English, providing a comprehensive analysis of the Austrian School of Economics and its development from the 1870s to the 1930s.
Readers will find a detailed exploration of the interplay between the ideas of Menger, Wieser, and Bohm-Bawerk, focusing on key topics such as the scope and method of economics, theories of choice, and price theory. The book also addresses the concepts of competition, entrepreneurship, and capital formation and distribution, highlighting both the complementary aspects and tensions within their theories. This scholarly work serves as a significant resource for those interested in the historical and theoretical foundations of microeconomics.
Official synopsis Publisher
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 1870’s and 1930’s.
The author begins by exploring the initial stimulus provided by Carl Menger’s work, and then demonstrates how the views of Menger, Weiser and Bohm-Bawerk complement one another and the tensions exhibited between them: the scope and method of economics; theories of choice; price theory; competition; entrepreneurship; and capital formation and distribution.
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