Currently, the political dominance of neo-liberalism suggests economic aims which are dictated by the neo-classical economics
that underpins neo-liberalism.
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.
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).
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).
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.
His snipping at neo-classical economics
, his emphasis on hype and irrationality in economic development (pp.
McIntyre asserts that there is little division between neo-classical economics
and contemporary 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.
I am reminded of Philip Mirowski's thesis concerning the politically conservative implications of neo-classical economics
after World War II.
reinforces that perspective by combining herd size limits with efficient forestry management to ensure a sufficient supply of tree lichen.
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".
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.