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What Is Neoclassical Economics? The three axioms responsible for its theoretical oeuvre, practical irrelevance and, thus, discursive power [PDF]
This paper offers a precise definition of neoclassical economics based on three axioms which lie at the latters foundations. This definition is all inclusive in that it applies as much to the neoclassical economic models of the late 19th century as it ...
Yanis Varoufakis, Christian Arnsperger
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Sustainability scientists’ critique of neoclassical economics
Global SustainabilityNon-technical summary Neoclassical economics (NCE) theory and neoliberal economics practice together form one of the principal driving forces of environmental destruction and social injustice.
Mark Diesendorf +4 more
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The 2008 financial crisis and neoclassical economics
Brazilian Journal of Political Economy, 2010 The 2008 global financial crisis was the consequence of the process of financialization, or the creation of massive fictitious financial wealth, that began in the 1980s, and of the hegemony of a reactionary ideology, namely, neoliberalism, based on self ...
Luiz Carlos Bresser-Pereira
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Sustainable Development, EarlyView.ABSTRACT The European Union (EU) has set ambitious climate goals, aiming to become the first climate‐neutral continent by 2050, with a focus on achieving net‐zero emissions and advancing United Nations Sustainable Development Goal (SDG) 13. A key component of this transition is the role of green technological innovation, the deployment of clean energy ...
Yue Xu +2 more
wiley +1 more source
Debunking economics: the naked emperor of the social sciences [PDF]
, 2001 Explains and debunks conventional neoclassical economic theory from first principles. Highlights the unsound foundations of major elements of the standard undergraduate education in economics, discussing problems with consumer demand theory, the theory ...
Keen, Steve
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The Post Covid-19 Reality and Economic Theory
Mednarodno Inovativno Poslovanje, 2020 This paper examines interconnectedness between Covid-19 and six nested subsystems of our planet: people, economy, society, anthroposphere, biosphere and planetosphere.
Zoran Trputec, Nataša Šantić
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Sustainable Development, EarlyView.ABSTRACT Given the persistent inequalities and economic disparities, the quest for inclusive growth has become more critical. Nevertheless, a substantial knowledge gap exists regarding the role of the digital economy and financial development in inclusive growth.
Sylvester Senyo Horvey +1 more
wiley +1 more source
Neoclassical Inflation: No theory there [PDF]
The theoretical generalization that the price level is determined by the quantity of money is commonly employed as a teaching device, in abstract modeling, and as a guide to policy. It represents a profound misunderstanding of inflation. In specific, the
John Weeks
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Sustainable Development, EarlyView.ABSTRACT Environmental sustainability has remained the main goal of the policy agenda in G7 economies, where the current priority of energy policy reforms is to minimize reliance on fossil fuels, which have significant environmental impacts, and to transition to cleaner energy sources.
Xintong Li +4 more
wiley +1 more source
Old Institutionalism Vs. Mainstream Economics: An Intellectual [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2015 In the arena of Economic thought, there has always been some intellectual confrontation between the two major economic schools, i.e. Institutionalism and Neoclassical economics.
Mahmoud Mashhadi-Ahmad
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