For more than a century, neoclassical theory dominated economic thinking. Neoclassical economics is a theory based on three key assumptions: individuals have rational preferences; individuals maximize ...
In the forthcoming 2012 edition of the Oxford Handbook of Political Philosophy, Jason Brennan and John Tomasi offer a brief discussion of what they call “neoclassical liberalism,” a variant of ...
Book review: Debunking EconomicsThe neo-classical approach to economics dominates in academia, argues Steve Keen. In his new book "Debunking Economics", the Sydney professor champions some of the more ...