a manifest example of misuse of mathematics in modern economics.According to standard theory, given a U-shaped, average …

Heinrich von Stackelberg’s book “Grundlagen einer reinen Kostentheorie,” published in 1932, was at the forefront of a … growing conceptual revolution in the theory of the firm, a theory which appears more relevant than ever in today’s economic … Equilibrium. Foundations of a Pure Cost Theory represents the first translation of the original German version into English. This …