History of Economic Thought

  title={History of Economic Thought},
  author={Lisa Boily},
  journal={Monthly Labor Review},
  • Lisa Boily
  • Published 2012
  • Economics
  • Monthly Labor Review
individuals. In a classical paradigm, the concept of class is more useful than individual agents in analyzing social phenomena. In this way, classical economy has roots in holism, and accommodates social categories like class. Usually the neoclassical economics is firmly grounded on a research program of methodological individualism, which generally posits that individuals with given preferences and endowments, and firms with given technologies, enter the market process as autonomous entities… Expand

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