The mission of Arketa Institute for Post-Growth Finance is to normalize the conversations about ecological economics and a post-growth economy in the worlds of economics and finance. We recently ...

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 ...

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 ...

“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 ...

10. The Heterodox school may be defined as essentially a collection of all those approaches to the analysis of the economy which are opposed to current mainstream Neoclassical economics. Gee (1991) ...

Further, the importation of terminology from neoclassical economic theory; namely, comparative advantage, the neoclassical theory of the firm, the distinction made between (im)perfect market ...

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 ...

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, ...

Four decades ago, Stiglits’ (1986) neoclassical “New Development Economics” claimed that it was an efficient response to asymmetric information. Badhuri (1986) presented an alternative view to explain ...