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Model Platonism: Neoclassical economic thought in critical light

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  • ALBERT, HANS
  • ARNOLD, DARRELL
  • MAIER-RIGAUD, FRANK

Abstract

This article is a translation of the original German text of Hans Albert's 1963 article titled ‘Modell-Platonismus. Der neoklassische Stil des ökonomischen Denkens in kritischer Beleuchtung’, in F. Karrenberg and H. Albert (eds.), Sozialwissenschaft und Gesellschaftsgestaltung – Festschrift für Gerhard Weisser, Berlin: Duncker und Humblot, 45–76. The enduring relevance of Hans Albert's critique together with an introduction to the author as one of Germanys most distinguished philosophers of science can be found in Arnold and Maier-Rigaud (2012) also in this volume.

Suggested Citation

  • Albert, Hans & Arnold, Darrell & Maier-Rigaud, Frank, 2012. "Model Platonism: Neoclassical economic thought in critical light," Journal of Institutional Economics, Cambridge University Press, vol. 8(3), pages 295-323, September.
    • Handle: RePEc:cup:jinsec:v:8:y:2012:i:03:p:295-323_00
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    Citations

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    Cited by:

    1. Max Albert, 2022. "How to Escape from Model Platonism in Economics: Critical Assumptions, Robust Conclusions, and Approximate Explanations," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 39(1), pages 37-68, October.
    2. Peter Schmidt, 2018. "Market failure vs. system failure as a rationale for economic policy? A critique from an evolutionary perspective," Journal of Evolutionary Economics, Springer, vol. 28(4), pages 785-803, September.
    3. Max Albert & Hartmut Kliemt, 2017. "Infinite Idealizations and Approximate Explanations in Economics," MAGKS Papers on Economics 201726, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    4. Max Albert, 2013. "From Unrealistic Assumptions to Economic Explanations. Robustness Analysis from a Deductivist Point of View," MAGKS Papers on Economics 201352, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    5. Severin Reissl, 2015. "The return of black box economics - a critique of Keen on effective demand and changes in debt," IMK Working Paper 149-2015, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    6. Viktor Vanberg, 2014. "James Buchanan’s contractarian individualism: A personal account," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 27(2), pages 147-156, June.
    7. Peter Schmidt, 2015. "Market vs. system failure as a rationale for EU regional policy? A critique from an evolutionary economic perspective," ERSA conference papers ersa15p842, European Regional Science Association.
    8. Hartmut Kliemt, 2017. "ABC – Austria, Bloomington, Chicago: Political Economy the Ostrom Way," Advances in Austrian Economics, in: The Austrian and Bloomington Schools of Political Economy, volume 22, pages 1-33, Emerald Group Publishing Limited.

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