neoclassical economics

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neoclassical economics

a school of economic ideas based on the writings of MARSHALL, etc., that superseded CLASSICAL ECONOMIC doctrines towards the end of the 19th century Frequently referred to as the ‘marginal revolution’, neoclassical economics involved a shift in emphasis away from classical economic concern with the source of wealth and its division between labour, landowners and capitalists towards a study of the principles that govern the optimal allocation of scarce resources to given wants. The principles of DIMINISHING MARGINAL UTILITY and STATIC EQUILIBRIUM ANALYSIS were founded in this new school of economic thought.
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Currently, the political dominance of neo-liberalism suggests economic aims which are dictated by the neo-classical economics that underpins neo-liberalism.
AIMS OF EDUCATION IN A POST-NEOLIBERAL CONTEXT
In the spirit of both traditions the book takes issue with orthodoxy, especially neo-classical economics, from its outset and seeks to present a heterodox alternative to business-as-usual analyses of the all and ever more important built environment.
Reconstructing Urban Economics: Towards a Political Economy of the Built Environment
As Khan writes, '[t]he heterodox authors or approaches reviewed in this chapter identify limitations of neo-classical economics as an adequate framework for understanding development' (76).
Shahrukh Rafi Khan. A History of Development Economics Thought: Challenges and Counter-challenges
So complete is this discounting that the foundational models of neo-classical economics drop money altogether, replacing it with simple acts of barter (Keen, 2011, 357).
Modern money and the escape from austerity
Exhibiting his brilliance and departure from neo-classical economics by placing emphasis on aggregate demand, Keynes soon came to become a contemporary and great economist in his own right--arguably, at the expense of Pigou and his social welfare approach to econometrics.
Pigou's theory of unemployment a framework for increasing employment
His snipping at neo-classical economics, his emphasis on hype and irrationality in economic development (pp.
Replenishing the Earth: The Settler Revolution and the Rise of the Anglo-World, 1783-1939
McIntyre asserts that there is little division between neo-classical economics and contemporary human rights.
Richard P. McIntyre, Are Worker Rights Human Rights?
It presents a comprehensive overview of theoretical explanations offered by the classical political economy, Marx's analysis of capitalism, neo-classical economics, institutional economics, Keynesian economics, new classical economics, post Keynesian economics and neoliberalism.
The Globalisation Bandwagon A 'Global South' Perspective, by S.H. Zaidi, published by the author, Karachi, 2009, pages: 412, price Rs.750, US $ 30
I am reminded of Philip Mirowski's thesis concerning the politically conservative implications of neo-classical economics after World War II.
Neil Gross: Richard Rorty: The Making of an American Philosopher
Neo-classical economics reinforces that perspective by combining herd size limits with efficient forestry management to ensure a sufficient supply of tree lichen.
SUSTAINABILITY NETWORKS: COGNITIVE TOOLS FOR EXPERT COLLABORATION IN SOCIAL-ECOLOGICAL SYSTEMS
New hope for Britain will be found when more of us abandoning secular relativism and neo-classical economics and embrace Christian morality and economics based on the "common good".
Need for a moral compass; Letters letters@coventrytelegraph.net
Critics of neo-classical economics have long complained that it treats human individuals as asocial atoms and that its understanding of the market is ludicrously mechanistic.
Better on symptoms than remedies

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