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The Principles of Economics : Some Lies My Teacher Told Me - Lawrence Boland

The Principles of Economics

Some Lies My Teacher Told Me

By: Lawrence Boland

Hardcover | 7 May 1992 | Edition Number 1

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Should we accept the principles of neoclassical economics? "The Principles of Economics" develops effective critiques of neoclassical economics and focuses on the importance of criticism as a tool for enhancing understanding.
The focus of the critiques is on the foundations of neoclassical theory, beginning with those that Alfred Marshall called the "Principles of Economics." Lawrence Boland highlights the problems of effective model building without drawing on the common assumption of maximizing behavior--a frequent target of criticism. Boland argues that critics should turn to Marshall's other key principle, the "Principle of Continuity," for best results.
"The Principles of Economics" demonstrates that there is still much to be done to make neoclassical economics more realistic. The right place to begin is with an honest, yet constructive, criticism of the principles of economics.
Industry Reviews
"The book is a scholarly, incisive exploration into the foundational assumptions of economics that provides a welcome step in the continuing exposition of the world according to Boland. . . . there is much insight and knowledge to be gained from Boland and his approach . . .."-"Journal of Economic Literature, 9/93

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