In Search of a Methodological Basis for the Critique of Neoclassical Economics

Methodological changes within the study of man are inspired not only through new scientific insights and discoveries, but also through crises, wars, and the appearance of new political masters. Within the study of economics, the edifice of neoclassical economics is now standing on the scaffold seeking pardon among the spectators and hoping the executioner has been called away and the verdict redrawn. The critique is not new, but has been continuous and gaining in strength especially over the past three decades, particularly after the recent financial crisis. In the wake of this devastating event, more people are questioning the usefulness

Economics · Event (particle physics · Neoclassical economics · Political science · Politics · Positive economics · Verdict · Economic Theory and Institutions · Law