1st Edition

Methodology for a New Microeconomics (Routledge Revivals) The Critical Foundations

By Lawrence A. Boland Copyright 2014
202 Pages
by Routledge

202 Pages
by Routledge

202 Pages
by Routledge

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... Read more

Acknowledgements;  Preface;  Introduction: On the Foundations of Comparative Statics;  Part I: The Economics of Sub-optimal Economies  1. The State of Equilibrium as an Optimum  2. Optimization vs. Equilibrium;  Part II: Foundations of Equilibrium Methodology  3. Individualism and Differential Calculus  4. Methods of Explaining Disequilibrium States  5. Proofs vs. Conjectures in Analytical Economics;  Part III: Limits of Equilibrium Methodology  6. Equilibria and Teleological Statics  7. Equilibria vs. Equilibrium Processes  8. Against Macroeconomics as Defeatist Microeconomics;  Part IV: Avenues for a New Microeconomics of Non-Equilibria  9. Ad Hoc Theorizing about Price Dynamics: A Slippery Slope  10. Ad Hoc Theorizing about Non-clearing Markets: A Rocky Road  11. Learning Methodology and the Equilibrium Process: A Murky Mews;  Bibliography;  Names Index;  Subject Index

Biography

Lawrence A. Boland