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wl-4336-The Politics of Microeconomics

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Marginalist microeconomics displays several problematic features, which are revealed through political scrutiny.
Key concepts like perfect competition and diminishing returns are evaluated for their ideological implications.
The critique draws on the history of economic thought, providing context to current mainstream practices.
Understanding political influences in microeconomics raises questions about the validity of its foundational theories.

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This article critiques marginalist microeconomics, highlighting issues in concepts like perfect competition and diminishing returns.

Alys Thomas (2025) studied this question.

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