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Books > History > History of specific subjects > Economic history
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What is Neoclassical Economics? - Debating the origins, meaning and significance (Hardcover)
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What is Neoclassical Economics? - Debating the origins, meaning and significance (Hardcover)
Series: Economics as Social Theory
Expected to ship within 12 - 17 working days
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Despite some diversification modern economics still attracts a
great deal of criticism. This is largely due to highly unrealistic
assumptions underpinning economic theory, explanatory failure, poor
policy framing, and a dubious focus on prediction. Many argue that
flaws continue to owe much of their shortcomings to neoclassical
economics. As a result, what we mean by neoclassical economics
remains a significant issue. This collection addresses the issue
from a new perspective, taking as its point of departure Tony
Lawson's essay 'What is this 'school' called neoclassical
economics?'. Few terms are as controversial for pluralist and
heterodox economists as neoclassical economics. This controversy
has many aspects because the term itself has different
specifications and connotations. Within this multiplicity what we
mean by neoclassical matters to pluralist and heterodox economists
for two primary reasons. First, because it informs how we view and
critique the mainstream; second, because the relationship between
heterodox and mainstream economics influences how heterodox
economists model, apply methods and construct theory. The chapters
in this collection each have different things to say about these
matters, with contributions ranging across the work of key
thinkers, such as Thorstein Veblen and Kenneth Arrow, applied
issues of non-linear modelling of dynamic systems, and key events
in the history of economics. This book will be of use to those
interested in methodology, political economy, heterodoxy, and the
history of economic thought.
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