Principles of Economics

Taylor & Francis

This book is about forming effective critiques of neoclassical economics. It begins with what Alfred Marshall called the `Principles of Economics' and concludes that there is still much that can be done to make neoclassical economics more realistic > Boland's book will help a new generation of economists to overcome the traditional economic metaphysics, exploring the central questions by - hopefully - more testable, realistic concepts. This book is about forming effective critiques of neoclassical economics. Its focus is on constructive criticism of the foundations of neoclassical theory, beginning with what Alfred Marshall called the `Principles of Economics'. It concludes that there is still much that can be done to make neoclassical economics more realistic. > Hypothesis 2. Marshall's `Principles' and the `Element of Time' 3. Marshall's `Principle of Continuity' 4. Axiomatic Analysis of Equilibrium States 5. Axiomatic Analysis of Disequilibrium States Part II: Some Neglee