Intermediate Microeconomics: Theory, Policy and Competing Perspectives

This vital textbook provides a guide for economics students seeking to understand heterodox approaches to crucial economic issues. World-renowned economists explore neoclassical and post-Keynesian economics, and systematically analyze these contrasting visions.Focusing on core topics such as the determination of labour and property incomes and the issue of income and wealth distribution, the textbook identifies effective policies for managing today's overlapping crises.Key Features:Challenges key precepts of mainstream theoryTackles critical policy debates in microeconomicsEvaluates the standard microeconomic model before discussing theoretical and policy-based alternativesInvestigates topics such as the place of the market as an allocative mechanism, demand and supply and the role of governmentsPresenting a critique of dominant mainstream views, Intermediate Microeconomics is an essential text for undergraduate and postgraduate economics students, equipping them with the knowledge to assess policy in terms of efficiency, distributional justice, economic stability and democratic potential.