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Animal Spirits: How Human Psychology Drives The Economy and Why It Matters for Global Capitalism
Neoclassical economics states that economic decisions about human behavior are based on figures, statistics, and assumptions, and that rational decisions made on the basis of these assumptions do not change under different emotional conditions.
Mikail Pehlivan
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The purpose of this article is to review the methodological and analytical foundations of the New Institutional Economics by implying a critical comparison with the Neoclassical and (old) Institutional Economics.
Giorgos Meramveliotakis
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A Critique on the Book Methodology of Islamic Economics; An Institutional Reality Approach [PDF]
Methodology of Islamic Economics is a textbook for MA and PhD students of Islamic economics. Using the concept of institution, the author has tried to make a connection between the Shari'a rules, as matters of conventionals, and economic realities and ...
Ali Saeedi
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The Turn in Economics: Neoclassical Dominance to Mainstream Pluralism? [PDF]
This paper investigates whether since the 1980s neoclassical economics has been in the process of being supplanted as the dominant research programme in economics by a collection of competing research approaches which share relatively little in common ...
Davis, John B.
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Neoclassical Economics’ Immunisation Strategies Against Behavioural Economics: Popper’s Perspective
Although neoclassical economics faces frequent criticism, it remains the dominant paradigm, largely due to its immunisation strategies that rely on unfalsifiable concepts of utility and rationality. In this paper, I use Karl Popper’s philosophy to assess
Aleksander Ostapiuk
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Come back Marshall, all is forgiven? : Complexity, evolution, mathematics and Marshallian exceptionalism [PDF]
Marshall was the great synthesiser of neoclassical economics. Yet with his qualified assumption of self-interest, his emphasis on variation in economic evolution and his cautious attitude to the use of mathematics, Marshall differs fundamentally from ...
Bannister R.C +63 more
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The Economics philosophy of Pancasila was born as criticism of crisis occurred in neoclassical economics in Indonesia. Mubyarto identify the neoclassical economics crisis of historical, sociological, metaphysics, epistemological, and axiological ...
Heri Santoso
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Models, fictions and explanations: A study in historical epistemology of economics [PDF]
This paper examines the standard criticism of the neoclassical economic theory that takes mathematical formalism and the practice of modelling as the most problematic aspect of orthodox economics. The aim of the paper is to explore the epistemic
Žitko Mislav
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The concept of rational behavior has a significant role in economics and its analysis of market economy and general equilibrium. On the other hand, there exists a logical relation between limits of rationality and learning from error. With explaining the
Masoud Mohammadi Alamuti
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The Emperor\u27s Clothes [PDF]
Argues that neoclassical economics is primarily a theory of the human individual in economic life but contemporary mainstream economics does not posses a theory of the human individual.
Davis, John B.
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