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9781845422721

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'This book seeks to reformulate traditional neoclassical microeconomic theory into a new paradigm that integrates an alternative rationality postulate, expectations, resource stocks, disequilibrium, dynamics, and endogenous technological change. This is a noble pursuit, since mainstream micro theory has not done a good job of addressing most of these considerations individually, let alone as a group. The book is a significant contribution to the literature and could even become a breakthrough work.' -- Adam Rose, Pennsylvania State University, US 'This is an excellent book. It will be a welcome addition to the growing body of work expanding the field of economic theory. The future of economics lies in work like this developing a kind of economics consistent with real human behaviour and biophysical reality.' -- John M. Gowdy, Rensselaer Polytechnic Institute, US

'This is an excellent book. It will be a welcome addition to the growing body of work expanding the field of economic theory. The future of economics lies in work like this developing a kind of economics consistent with real human behaviour and biophysical reality.' - John M. Gowdy, Rensselaer Polytechnic Institute, US

Author Information

The late Robert U. Ayres, formerly Novartis Professor (Emeritus) of Management and the Environment, INSEAD, France and Institute Scholar, International Institute for Applied Systems Analysis (IIASA), Austria and Katalin Martinás, Professor of Physics, Roland Eötvös University, (ELTE), Budapest, Hungary

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