“The field of economics used to be much broader than what it is now,” said Boye. She attributes its narrowing to the hardening of neoclassical economic theory into rigid doctrine. It can often seem as ...

Nonetheless, back in the mid-19th century, Jevons was pioneering the use of math and statistics in economics, charting the ...

Economics departments across the United States slavishly adhere to the mainstream consensus on austerity and the free market.

The research, published recently in the journal Global Sustainability, critically reviews, from a natural science perspective, the basis of neoclassical economics—the theory that underpins the ...

Behavioral economics combines elements of economics and psychology to understand how and why people behave the way they do in the real world. It differs from neoclassical economics, which assumes that ...

The essay also shows how GET fails to demonstrate the existence of a general competitive equilibrium with a fixed point theorem because the mappings that are used in this effort lack the economic ...

In the course of its history, the Department of Economics at The New School for Social Research has taken a broad and critical approach to the field, giving voice to classical political economy, ...

The work of economists such as Friedrich von Hayek and Milton Friedman, who developed theories now known as monetarism or neoclassical economics, gained prominence. These theories proposed that ...

To avoid all the noises about its inevitable dominance or collapse, it may be worthwhile to consider three social-economic theories – neoclassical, Marxist and demographics, all of which aim to ...