Suchergebnisse

This is the introduction to this issue's suite of articles on microeconomics. Each article is discussed in turn. Benicourt & Guerrien present a number of criticisms of neoclassical microeconomics. Instead of disputing these criticisms, Katzner suggests a number of adjustments to standard microeconomics, with a view toward resolving the issues raised by Benicourt & Guerrien. Case, along with Katzner, argues that the classic supply & demand model exists in its purest form in theory only, rather than in actual markets, & that the model distracts economists from a number of realities, including the true nature of production. Instead of cleaving to the unrealistic & abstract supply & demand model, economists should study the ways in which society organizes itself, how social & economic choices are made, & how the prevailing customs & norms influence those choices. R. Young

The book is an application of microeconomic theories and ideas and its tools and techniques for managerial decision-making. This book is mainly designed to suit the purposes of students. However, it will be immensely helpful even to the students studying general courses in economics.