Download PDF, EPUB, MOBI Criticisms of Neoclassical Economics

Criticisms of Neoclassical Economics by Delmar Thomas C Stawart

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Author: Delmar Thomas C Stawart
Page Count: 64 pages
Published Date: 03 Jul 2012
Publisher: Dicho
Publication Country: United States
Language: English
ISBN: 9786201175730
File size: 47 Mb
File Name: Criticisms.of.Neoclassical.Economics.pdf
Download Link: Criticisms of Neoclassical Economics
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Neo-classical economics has come under critique on the basis of its core ideologies, assumptions and other matters. Neoclassical economics is sometimes criticized for having a normative bias. In this view, it does not focus on explaining actual economies but instead on describing a "utopia" in which Pareto optimality applies. In the opinion of some developers of an alternative approach, the purpose of neoclassical economics is "to demonstrate the social optimality if the real world were to resemble the model," not "to explain the real world as observed empirically."

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