Tubaro, Paola (2015) History of microeconomics. In: Wright, J.D., (ed.) International Encyclopedia of the Social & Behavioral Sciences, 2nd edition. Elsevier Science Ltd., Oxford, UK, pp. 331-337. ISBN 978-0080970868

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Abstract

This article provides a brief overview of the history of microeconomics, starting from the late eighteenth century when its key foundations were laid. Without intending to be comprehensive, the article outlines landmarks and milestones in the building of the basic principles of today’s knowledge, highlighting challenges faced and open questions. Focus is on the contribution of each historical phase to the understanding of two foundational issues in microeconomics – the theory of individual economic decision making and the market mechanism as a coordinating device. At the end, the article discusses the current state of microeconomics and recent tendencies.

Item Type:	Book Section
Uncontrolled Keywords:	Microeconomics, History of economics
Faculty / School / Research Centre / Research Group:	Faculty of Business > Networks and Urban Systems Centre (NUSC) > Centre for Business Network Analysis (CBNA) Faculty of Business > Department of International Business & Economics
Last Modified:	14 Oct 2016 09:33
URI:	http://gala.gre.ac.uk/id/eprint/13622

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