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

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.

‘This book seeks to reformulate traditional neoclassical microeconomic theory into a new paradigm that integrates an alternative rationality postulate, expectations, resource stocks, disequilibrium, dynamics, and endogenous technological change. This is a noble pursuit, since mainstream micro theory has not done a good job of addressing most of these considerations individually, let alone as a group. The book is a significant contribution to the literature and could even become a “breakthrough” work.’
– Adam Rose, Pennsylvania State University, US

“这是一个很好的书。这将是一个受欢迎的一个ddition to the growing body of work expanding the field of economic theory. The future of economics lies in work like this developing a kind of economics consistent with real human behaviour and biophysical reality.’
– John M. Gowdy, Rensselaer Polytechnic Institute, US