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Is Anything Worth Keeping in Microeconomics?

Author

Listed:
  • Emmanuelle Benicourt

    (Université de Valenciennes et du Hainaut-Cambrésis, Paris, France, ebenicourt@free.fr)

  • Bernard Guerrien

    (Université Paris 1 (Panthéon-Sorbonne), Paris, France, bernard.guerrien@tele2.fr)

Abstract

Microeconomics' notions of “market supply†and “market demand†do not exist in real-world markets. Its models give a central place to equilibria, implying that they are predictions. It distracts from more essential aspects of economic behavior and exchange and encourages inventing absurd tales, especially concerning production. We should consider society as it is organized, with different social groups, norms, and customs, and then concentrate on decision making and choice.

Suggested Citation

  • Emmanuelle Benicourt & Bernard Guerrien, 2008. "Is Anything Worth Keeping in Microeconomics?," Review of Radical Political Economics, Union for Radical Political Economics, vol. 40(3), pages 317-323, September.
    • Handle: RePEc:sae:reorpe:v:40:y:2008:i:3:p:317-323
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    Cited by:

    1. Ezra Davar, 2015. "Is Walras's Theory So Different From Marshall¡'s?," Journal of Social Science Studies, Macrothink Institute, vol. 2(1), pages 64-86, January.

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