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The Return of Neoclassical Economics
2016The author explains why both Friedrich Hayek and Milton Friedman gained academic and political prominence since the 1970s. They led the neoclassical counter-revolution against the Keynesian doctrine. Friedman proposed measures to counter stagflation, which the Keynesians didn’t know how to solve. They contributed philosophical underpinnings (Hayek) and,
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Veblen, Marshall and neoclassical economics
Journal of Classical Sociology, 2023Stephen Pratten
exaly
Thorstein Veblen was a multidisciplinary social scientist whose original insights continue to inspire debate. Rather than focusing on allocation, markets and scarcity, his perspective on economics was rather one of Darwinian evolution and perpetual development, unfolding conventions and interpersonal constraints.
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