It is easy to take potshots at the field of economics today, whether motivated by the financial crisis or the fact that Nobel laureates, such as economist and New York Times columnist Paul Krugman, ...

For more than a century, neoclassical theory dominated economic thinking. Neoclassical economics is a theory based on three key assumptions: individuals have rational preferences; individuals maximize ...

Economist Ha-Joon Chang explains how alternative approaches to economics can help us understand the whole economy in ways we would miss if only looking through the Neoclassical lens LYNN FRIES, TRNN: ...

This thesis critiques neoclassical economic theory. In each chapter, with the exception of the last two, I will examine a different neoclassical theory and reveal its lack of realism, and how said ...

A simple idea from game theory could yet upset the sacred tenants of neoclassical economics. This articles explores the implications for the theory of distribution and Keynes's theory of effective ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It is easy to mock economic theory. Any fool can see that the world of neoclassical economics, which dominates ...

The neglect of issues related to the economic status of minorities and women in introductory economics textbooks widely used in the United States is a problem rooted in the most fundamental ...