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picture1_Neoclassical Economics Pdf 128521 | Neoclassical Economics As A Most Peculiar Failure


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File: Neoclassical Economics Pdf 128521 | Neoclassical Economics As A Most Peculiar Failure
A Most Peculiar Failure On the dynamic mechanism by which the inescapable theoretical failures of neoclassical economics reinforce its dominance Yanis Varoufakis UADPhilEcon Department of Economics University of Athens (Greece) ...

icon picture PDF Filetype PDF | Posted on 14 Oct 2022 | 2 years ago

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...A most peculiar failure on the dynamic mechanism by which inescapable theoretical failures of neoclassical economics reinforce its dominance yanis varoufakis uadphilecon department university athens greece yanisv econ uoa gr abstract this paper argues that is well defined in terms three meta axioms methodological individualism instrumentalism and equilibration b their adoption common practice delineates mainstream c while first two allow for rich depictions socioeconomic phenomena they lead to an unquenchable indeterminacy d spectre generates evolutionary social forces within profession cause practitioners introduce stringent variants third axiom thus models sophisticated complexity sacrificed favour determinate framework not even glimpse contemporary capitalism possible neoclassicism we contend owes hegemonic position sciences axiomatically inbuilt underpinning few if any economists would describe work as th term was coined much later century pioneers marginalism have recognised it se...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

						
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Posted on: 14 Oct 2022 | 2 years ago
										
										
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