Putting Jurisprudence Back Into Economics
David Ellerman
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Springer International Publishing
Sozialwissenschaften, Recht, Wirtschaft / Volkswirtschaft
Beschreibung
This book presents an integrated jurisprudential critique of neoclassical microeconomic theory. It explains what is ‘really wrong’ with the theory both descriptively, as well as normatively. The criticism presented is based on questions of jurisprudence, and on neoclassical theory’s sins of omission and commission concerning the underlying system of property and contract. On the positive side - while the presentation is almost entirely non-mathematical - the book contains the first mathematical treatment of the fundamental theorem about property and contract in jurisprudence that underlies a market economy.
Kundenbewertungen
Appropriation fallacy, Arbitrage Theory, Market economy, Neoclassical microeconomic theory, John Stuart Mill, Arrow-Debreu Model, Price system, Capital theory, Rights-based normative economics, Corporate Finance Theory, Property and contract, Invisible hand, Employment system, Theory of Inalienable Rights, Property theory, Private property rights, Property mechanism, Marginal Productivity Theory, Economic realities