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History of microeconomics

Author

Listed:
  • Paola Tubaro

    () (LRI - Laboratoire de Recherche en Informatique - UP11 - Université Paris-Sud - Paris 11 - CentraleSupélec - CNRS - Centre National de la Recherche Scientifique, CNRS - Centre National de la Recherche Scientifique, University of Greenwich)

Abstract

This article provides a brief overview of the history of microeconomics, starting from the late eighteenth century when its key foundations were laid. Without intending to be comprehensive, the article outlines landmarks and milestones in the building of the basic principles of today's knowledge, highlighting challenges faced and open questions. Focus is on the contribution of each historical phase to the understanding of two foundational issues in microeconomics – the theory of individual economic decision making and the market mechanism as a coordinating device. At the end, the article discusses the current state of microeconomics and recent tendencies.

Suggested Citation

  • Paola Tubaro, 2015. "History of microeconomics," Post-Print hal-01354916, HAL.
  • Handle: RePEc:hal:journl:hal-01354916
    DOI: 10.1016/B978-0-08-097086-8.03060-9
    Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-01354916
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    Keywords

    Microeconomics; History of economics;

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