ContentsIntroduction: Questioning establishment microeconomics, in search ofalternatives in the post-pandemic era 1Hassan Bougrine, Louis-Philippe Rochon and Mario SeccarecciaPART I GENERAL PRINCIPLES 51 The market system: is it the appropriate allocative mechanism? 7Tae-Hee Jo2 The public sector: what should be its role? 24Brian K. MacLean3 Supply and demand: is it a relevant tool of analysis? 46Roberto CicconePART II RATIONALITY AND THE PROBLEM OF MAXIMIZATION 714 Consumers: are they sovereign, rational utility-maximisers? 73Hassan Bougrine5 What do firms try to maximize? 90Avraham I. Baranes6 Market structure: how are prices determined? 109Harry Bloch and Peter KrieslerPART III INCOME DISTRIBUTION 1267 Labour income: how are wages determined? 128Ilhan Dögüs8 Property income: what determines the share of capital? 152Scott Carter9 Wealth and income inequality: is it inevitable in a market economy? 174Maria Cristina Barbieri Góes10 Should we have a policy of universal basic income? 202Louis-Philippe Rochon and Mario SeccarecciaPART IV MARKET FAILURE AND REGULATION 21811 Unemployment: are trade unions and minimum wage laws the culprits? 220Arne Heise12 Should we care about the environment in a market economy? 239Maurizio Solari and Sergio Rossi13 Big corporations and competition: should we regulate businessenterprise? 256Robert Chernomas and Ian Hudson.