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Microeconomic Theory PDF
By:Yoshihiko Otani,Mohamed El-Hodiri
Published on 1987-11-30 by Springer

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Contrary to widely held beliefs, microeconomic theory bears no rela tion to the size of the product under consideration; indeed a micro theorist can just as easily discuss the sale of a whale as he would discuss a whale of a sale in amoebae. In fact, it possibly is true that a theorist, and a microeconomic theorist in particular, does not have any specific products in mind when he bandies his propositions about. Nor does he have to. For these in the final analysis are just that; propositions. They are propositions that are motivated by economic reality as observable, not to mention controllable, as that may be, but they are no more and no less than comments about that economic reality and they emphatically are not descriptive assays of it. They are more or less, caricatures of economic reality or metaphors where bold distortions are pressed to the task of describing preconceived visions of that reality. These visions, given their fundamentally qualitative nature, are hardly fit to be put to the test of statistical verification. Perhaps only the judgement and |intuitive feel| of practicing economists over the years are the only true tests of the viability and robustness of these propositional comments on economic reality which make up the body of economic theory. It is not the abstractions that make the difference, all science is that way; metaphoric.

This Book was ranked at 28 by Google Books for keyword Microeconomics.

Book ID of Microeconomic Theory's Books is zPcqJwAACAAJ, Book which was written byYoshihiko Otani,Mohamed El-Hodirihave ETAG "FfccNwsWaIM"

Book which was published by Springer since 1987-11-30 have ISBNs, ISBN 13 Code is 9783540179948 and ISBN 10 Code is 3540179941

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Book which have "274 Pages" is Printed at BOOK under CategoryBusiness and Economics

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