Defending Microeconomics?!

Defending Microeconomics?!
Douglas, Alexander X. (2021). axdouglas.com. 17 March. (Article - Magazine; English).

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https://axdouglas.com/2021/03/17/defending-microeconomics/

Abstract or Brief Description

I was sent a link to this article by a colleague, who was concerned with the boldness of the central claim – that standard economic theory explains nothing about market behaviour. I thought I might as well share the outline of my response here. I’m far from being a defender of the foundations of mainstream microeconomics. But this attack goes much too quickly, in my view. I find myself in the odd position of defending something I don’t believe in from an attack I think is unfair – indeed counterproductive.

Language

English

Publication Type

Article - Magazine

Commentary on

The 1-2-3 Toolbox of Mainstream Economics: Promising Everything, Delivering Nothing
Bichler, Shimshon and Nitzan, Jonathan. (2021). Working Papers on Capital as Power. No. 2021/03. March. pp. 1-26. (Article - Working Paper; English).