Methodology for a New Microeconomics (Routledge Revivals)

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Focusing on the necessity of methodological individualism in microeconomics, this work critiques neoclassical models for their lack of explicit stability analysis. Lawrence Boland argues that many advanced theoretical developments in the past three decades are merely ad hoc solutions to the shortcomings of these models. By emphasizing the importance of stability analysis, the book seeks to enhance the understanding and development of microeconomic theory.