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The Neoclassical economics: a Lakatosian analysis. Fom full minstream until its implosion

Author

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  • Alain Herscovici

    (Professor Titular, Programa de Pós-Graduação/Departamento de Economia da Universidade Federal do Espírito Santo.)

Abstract

This paper aims to define, from a Lakatosian approach, the neoclassical scientific research program (SRP). For such purpose, I will compare this SRP with the ones of the new institutional economics (Coase and Williamson) and the New Information Economics (Akerlof, Grossman e Stiglitz) and, by using the notion of implosion, I will highlight its limits. After discussing Lakatos’ method and drawing upon his approach to define the Neoclassical SRP, the paper defines and explain the Neoclassical SRP implosion. JEL Classification: B41; B2.

Suggested Citation

  • Alain Herscovici, 2015. "The Neoclassical economics: a Lakatosian analysis. Fom full minstream until its implosion," Brazilian Journal of Political Economy, Center of Political Economy, vol. 35(4), pages 780-798, October.
    • Handle: RePEc:ekm:repojs:v:35:y:2015:i:4:id:95347
    DOI: 10.1590/0101-31572015v35n04a06
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    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925

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