XX Century and the Evolution of the Economic Theory (Neoclassical Theory: Development of Microeconomics)
The main schools and achievements in the development of the economic thought during the past XX century are outlined. The evolution of economic concepts is presented on the background of the real economic processes that marked the economic theory. The most important aspects in the development of orthodox and unorthodox economic schools are covered consecutively. The study has two parts: the first one interprets the characteristics of the economic XX century and the evolution of the neoclassical theory relevant to the microeconomics. The second part (which will be published in the next issue) is focused on the emerging and developing of the modern macroeconomics within the framework of the neoclassical analysis, as well as on the development of the unorthodox economic thought. The study outlines the difficult, contradictory but ascending course of seeking after truth in the economic theory.
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Volume (Year): (2005)
Issue (Month): 5 ()
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- W. Baumol, 2001.
"What Marshall Didn't Know: On the Twentieth Century's Contributions to Economics,"
N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 2.
- William J. Baumol, 2000. "What Marshall Didn't Know: On the Twentieth Century's Contributions to Economics," The Quarterly Journal of Economics, Oxford University Press, vol. 115(1), pages 1-44.
- Dixit, Avinash K & Stiglitz, Joseph E, 1977. "Monopolistic Competition and Optimum Product Diversity," American Economic Review, American Economic Association, vol. 67(3), pages 297-308, June.
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- Lant Pritchett, 1997. "Divergence, Big Time," Journal of Economic Perspectives, American Economic Association, vol. 11(3), pages 3-17, Summer.
- Pritchett, Lant, 1995. "Divergence, big time," Policy Research Working Paper Series 1522, The World Bank.
- Richard Lipsey, 2001. "Successes and failures in the transformation of economics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 8(2), pages 169-201.
- Feinstein, Charles, 1999. "Structural Change in the Developed Countries during the Twentieth Century," Oxford Review of Economic Policy, Oxford University Press, vol. 15(4), pages 35-55, Winter.
- George J. Stigler, 1961. "The Economics of Information," Journal of Political Economy, University of Chicago Press, vol. 69, pages 213-213.
- Sachs, Jeffrey D, 1999. "Twentieth-Century Political Economy: A Brief History of Global Capitalism," Oxford Review of Economic Policy, Oxford University Press, vol. 15(4), pages 90-101, Winter. Full references (including those not matched with items on IDEAS)
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