What is Neoclassical Economics?: Debating the origins, meaning and significance (Economics as Social Theory)
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What is Neoclassical Economics?: Debating the origins, meaning and ...
Book Details
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Author: Jamie Morgan
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Publisher: Routledge
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Language: English
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ISBN: 9781138962095
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Pages: 322
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Binding: Paperback
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Release Date: 30-11-2015
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Illustrations: 6 black & white illustrations
About The Book
In What is Neoclassical Economics?, Jamie Morgan offers a critical exploration of the controversial and often criticized field of neoclassical economics. Published in 2015, this illustrated collection examines the persistent flaws and unrealistic assumptions within modern economic theory, with a particular focus on its explanatory failures, policy framing shortcomings, and overemphasis on prediction.
This book challenges traditional views and approaches by addressing the term "neoclassical economics" from a new perspective, inspired by Tony Lawson's essay "What is this ‘school’ called neoclassical economics?". The text dives into the significance of this term within pluralist and heterodox economics, discussing its implications for understanding and critiquing mainstream economics.
Through a range of contributions, including work from influential thinkers like Thorstein Veblen and Kenneth Arrow, as well as applied discussions on non-linear modeling of dynamic systems, this collection provides a rich critique of mainstream economic thought. It also explores key events in the history of economics, making it an essential read for those interested in economic methodology, political economy, heterodoxy, and the history of economic thought.
Key Features:
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Expert Author: Written by Jamie Morgan, a leading scholar in economics and political economy.
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Illustrated: Includes 6 black & white illustrations to aid in understanding complex topics.
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Comprehensive Analysis: Provides in-depth discussions on the flaws of neoclassical economics and its impact on contemporary economic thought.
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Essential for Scholars: A valuable resource for anyone studying economic theory, methodology, and the history of economics.
