On The Reappraisal Of Microeconomics
Economic Growth and Change in a Material World
Robert U. Ayres, Novartis Professor (Emeritus) of Management and the Environment, INSEAD, France and Institute Scholar, International Institute for Applied Systems Analysis (IIASA), Austria and Katalin Martinás, Professor of Physics, Roland Eötvös University, (ELTE), Budapest, Hungary
Hardback £77.00 on-line price £69.30
The conventional utility-based approach to microeconomics is now nearly a century old and although frequently criticised, it has yet to be replaced. On the Reappraisal of Microeconomics offers an alternative approach that overcomes most of the objections to orthodox theory, whilst offering some unique additional advantages.
Contents: Introduction 1. Models of Human Behavior 2. Micro-Foundations of Economics 3. Economic Agents, Actions and Wealth 4. The Z-Function 5. Decision-Making Strategies 6. Dynamics 7. From Agent to Aggregation 8. The Drivers of Long-Term Growth: Knowledge, Technological Change and Radical Innovation Appendix A: Money and Credit Appendix B: Balance Equations; Accounting Relationships Appendix C: Explicit Representations of Value and Wealth Functions and Supply–Demand Curves Appendix D: Properties of the Matrix References Index