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Mengerian Microeconomics on Hardback by Ivan Jankovic
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Mengerian Microeconomics

The Forgotten Anglo-American Contribution to the Austrian School
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Description

This book explores the neglected contribution of the American and English “psychological” school to economic theory, especially to the development and refinement of the Austrian school of economics. It argues that Frank Knight, Frank Fetter, Herbert Davenport, Philip Wicksteed and J.B. Clark among others improved on the original Austrian theory by Menger and Bohm-Bawerk by providing a coherent subjectivist foundation for the theories of production and distribution. They succeeded where economic theory before them failed – to develop the theories of interest, profit, wages and rents based solely on the principles of subjective value and marginal utility, eschewing the last remnants of the old cost of production models. This book represents a look at what mainstream economic theory might have looked like had the erasure of Mengerian Austrian price theory by Marshallian and Walrasian thoeries not taken place, and had the improvements and refinements of the Mengerian tradition, itself done by the Anglo-Saxon followers of Menger, been fully appropriated.    

Author Biography:

Ivan Jankovic is Assistant Professor of Economics at the University of Mary in Bismarck, North Dakota, USA. His background is in economic theory and the history of political and economic ideas. His previous book “The American Counter-revolution in Favor of Liberty – How Americans Resisted the Modern State 1765-1850” was published by Palgrave Macmillan in 2018.  
Release date NZ
January 5th, 2021
Author
Audience
  • Professional & Vocational
Edition
1st ed. 2020
Illustrations
1 Illustrations, color; 3 Illustrations, black and white; XIII, 222 p. 4 illus., 1 illus. in color.
Pages
222
ISBN-13
9783030577483
Product ID
33628361

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