History of microeconomics

Paola Tubaro (1, 2, 3)

1 LRI - Laboratoire de Recherche en Informatique
2 CNRS - Centre National de la Recherche Scientifique
3 University of Greenwich

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.

Mots clés: Microeconomics; History of economics

Domaines: Economies et finances

Paola Tubaro. History of microeconomics. Wright, J.D. International Encyclopedia of the Social & Behavioral Sciences, 2nd edition, Elsevier, pp.331-337, 2015, 978-0080970868 ⟨10.1016/B978-0-08-097086-8.03060-9⟩. ⟨hal-01354916⟩