This book is about forming effective critiques of neoclassical economics. Its focus is on constructive criticism of the foundations neoclassical theory, beginning with what Alfred Marshall called the `Principles of Economics'. It concludes that there is still much that can be done to make neoclassical economics more realistic.
Hypothesis 2. Marshall's `Principles' and the `Element of Time' 3. Marshall's `Principle of Continuity' 4. Axiomatic Analysis of Equilibrium States 5. Axiomatic Analysis of Disequilibrium States Part II: Some Neglected Elements 6. Knowledge in Neoclassical Economic Theory 7. A Naive Theory of Technology and Change 8. Knowledge and Institutions in Economic Theory Part III: Some Missing Elements 9. The Foundations of Keynes' Methodolgy 10. Individualism without Psychology 11. Methodology and the Individual Decision-maker Part IV: Some Technical Question 12. Lexicographic Orderings 13. Revealed Preference vs Ordinal Demand 14. Giffen Goods vs Market Determined Prices Epilogue: Learning Economic Theory through Criticism
The book is a scholarly, incisive exploration into the foundational assumptions of economics that provides a welcome step in the continuing exposition of the world according to Boland... there is much insight and knowledge to be gained from Boland and his approach... - Journal of Economics Literature
Lawrence Frederick Kohl, University of Alabama) Kohl, Lawrence Frederick (Associate Professor of History, Associate Professor of History, Lawrence F. Kohl