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The post-walrasian constellation

Author

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  • Eleutério F. S. Prado

Abstract

This paper has two main objectives. The first one is a full characterization ofthe neoclassical concept of rationality, showing its constitutive attributes. The second is thepresentation of alternative research programs in microeconomics that differ from the neoclassicalone because they contradict one or more of these attributes. Besides, it intends toshow that microeconomics is today an open field of research and not the field of neoclassicaltheory. By the way, microeconomics is defined as the science of decision processes in complexsystems like organizations and markets. JEL Classification: B13; B22.

Suggested Citation

  • Eleutério F. S. Prado, 1994. "The post-walrasian constellation," Brazilian Journal of Political Economy, Center of Political Economy, vol. 14(4), pages 623-631.
    • Handle: RePEc:ekm:repojs:v:14:y:1994:i:4:p:623-631:id:1307
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1307/1292
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    Keywords

    History of economic thought; complexity;

    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics

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