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portada microeconomic theory
Type
Physical Book
Author
Publisher
Year
1987
Language
English
Pages
274
Format
Paperback
Dimensions
24.4x17x1.5 cm
Weight
0.47 kg.
ISBN
3540179941
ISBN13
9783540179948
Categories

microeconomic theory

Yoshihiko Otani (Author) · Mohamed El-Hodiri (Author) · Springer · Paperback

microeconomic theory - Otani, Yoshihiko ; El-Hodiri, Mohamed

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Synopsis "microeconomic theory"

Contrary to widely held beliefs, microeconomic theory bears no rela- tion to the size of the product under consideration; indeed a micro theorist can just as easily discuss the sale of a whale as he would discuss a whale of a sale in amoebae. In fact, it possibly is true that a theorist, and a microeconomic theorist in particular, does not have any specific products in mind when he bandies his propositions about. Nor does he have to. For these in the final analysis are just that; propositions. They are propositions that are motivated by economic reality as observable, not to mention controllable, as that may be, but they are no more and no less than comments about that economic reality and they emphatically are not descriptive assays of it. They are more or less, caricatures of economic reality or metaphors where bold distortions are pressed to the task of describing preconceived visions of that reality. These visions, given their fundamentally qualitative nature, are hardly fit to be put to the test of statistical verification. Perhaps only the judgement and "intuitive feel" of practicing economists over the years are the only true tests of the viability and robustness of these propositional comments on economic reality which make up the body of economic theory. It is not the abstractions that make the difference, all science is that way; metaphoric.

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