For example, the late George Stigler, one of the respected
neoclassical or classical economists, and the 1982 Nobel laureate in economics for his research on deregulation and government control policies, called economics an 'imperial science.'
Stravinsky's concerto contains many features common to his other
neoclassical works, however, such as its use of Baroque gestures, tonal centricity, rhythmic energy and variety (reminiscent of both George Frideric Handel and Scott Joplin), and clear formal divisions (rather than block textures more common in his earlier compositions).
In other words, Engelhardt's argument implies that Garrison's secular growth is the analogous to the AK model in
neoclassical growth theory.
Remarking on the weaknesses of
neoclassical thought from a philosophy of science perspective is nothing new: much work by Amartya Sen and Mark Blaug, among others, was developed as such a critique (Sen 1999: 28-39; Blaug 2006: 137 ff.).
'The sameness, homogeneity, and continuity are due to the fact that all
neoclassical approaches aim to address the same theoretical problematic; the difference, heterogeneity and fragmentation, on the other hand, arise from the fact that each approach formulates and addresses the very same theoretical problematic in different ways, with different policy implications, normative accents, and social visions.' (p.
This introductory text simplifies Keynesian and
neoclassical macroeconomics, and the authors aim to show that competing theories are logical constructs based on different premises using simple algebra and graphs rather than complicated math, and to detail the intellectual origins of key concepts and provide Indian examples.
Keynesian economics was out
neoclassical economics was back in and Milton Friedman was the new guru.
As the world slowly emerges from a recession, contentions over the sources of decline and recovery are reigniting a debate among proponents of three disciplines of economics:
neoclassical, Keynesian, and Marxian.
He excellently compares and contrasts
neoclassical and Austrian understandings of what firms and markets do.
Neoclassical economics is traditionally divided (not very successfully) into two broad streams: microeconomics and macroeconomics.
Where environmental economics is merely a subset of
neoclassical economics that seeks to assign market value to ecosystem services, ecological economics as it is presented here insists on seeing the market system as merely a part of the wider ecological system, a view that leads to the rejection of the
neoclassical emphasis on efficiency in the service of never-ending growth, which is defined here as the increase in the (necessarily limited) throughput or flow of natural resources from the environment, through the economy, and then back to the environment as waste.
Global energy confinement obtained with a configuration optimized according to
neoclassical theory, has proved comparable to that of tokamaks running in ELMy Hmode, exhibiting a gyro-Bohm-like property as seen in the International Stellarator Scaling (ISS95).
He perceptively analyzes the remarkably destructive ideas found in
neoclassical philosophy that informs current corporate governance theory and practice.
