On the Psychological Basis of Economics and Social Psychology

  title={On the Psychological Basis of Economics and Social Psychology},
  author={Thomas E. Chamberlain},
Neoclassical economic theory, with its roots (partly) in the marginal revolution of the Nineteenth Century, has been the dominant paradigm for economic thought throughout most of the Twentieth Century?up to the present day. However, for the past several decades economists have been deeply divided on the validity of neoclassical theory, thereby rendering the discipline less effective than it could be in helping to understand socio-economic change. A mathematical synthesis of prominent… 

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  • F. Knight
  • Economics
    Journal of Political Economy
  • 1944
ly similar considerations, though concretely very different, apply to the laborer and the capacities which make him a productive agent. Clearly, to begin with, even birth rates are, in fact (in