What Is Neoclassical Economics? The three axioms responsible for its theoretical oeuvre, practical irrelevance and, thus, discursive power

@article{Arnsperger2006WhatIN,
  title={What Is Neoclassical Economics? The three axioms responsible for its theoretical oeuvre, practical irrelevance and, thus, discursive power},
  author={C. Arnsperger and Y. Varoufakis},
  journal={Panoeconomicus},
  year={2006},
  volume={53},
  pages={5-18}
}
  • C. Arnsperger, Y. Varoufakis
  • Published 2006
  • Economics
  • Panoeconomicus
  • This paper offers a precise definition of neoclassical economics based on three axioms which lie at the latters foundations. This definition is all inclusive in that it applies as much to the neoclassical economic models of the late 19th century as it does to todays more flexible and inclusive models. The paper argues that these axioms, simultaneously, (a) provide the foundation for neoclassicisms discursive success within the social sciences and (b) are the deep cause of its theoretical… CONTINUE READING

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