000			01849nam a2200193Ia 4500
999			_c172676 _d172676
005			20220616175208.0
008			200208s9999 xx 000 0 und d
020			_a9780415603706
082			_a338.5 WET 2nd ed.
100			_a"Wetzsteien, Michael E."
245		0	_aMicro Economics theory
260			_aUSA
260			_bRoutledge
260			_c2013
300			_a1098p.
520			_aMicroeconomic Theory: A Heterodox Approach develops a heterodox economic theory that explains the economy as the social provisioning process at the micro level. Heterodox microeconomics explores the economy with a focus on its constituent parts and their reproduction and recurrence, their integration qua interdependency by non-market and market arrangements and institutions, and how the system works as a whole. This book deals with three theoretical concerns. Due to the significance of the price mechanism to mainstream economics, a theoretical concern of the book is the business enterprise, markets, demand, and pricing. Also, since heterodox economists see private investment, consumption and government expenditures as the principal directors and drivers of economic activity, a second theoretical concern is business decision-making processes regarding investment and production, government expenditure decisions, the financing of investment, the profit mark-up and the wage rate, and taxes. Finally, the third theoretical concern of the book is the delineation of a non-equilibrium disaggregated price-output model of the social provisioning process. This book explores the integration of these various theories with a theoretical model of the economy and how this forms a theory that can be identified as heterodox microeconomics. It will be of interest to both postgraduates and researchers.
650			_aEconomics
942			_cB _2ddc