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An interpretive history of challenges to neoclassical microeconomics and how they have fared

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  • Roberto Mazzoleni
  • Richard R. Nelson

Abstract

Contemporary microeconomics has witnessed a resurgence of behavioral, institutional, and evolutionary critiques of the neoclassical mainstream that came to dominate the field during the 1980s. Today's critiques and proposals for reform have a long tradition in economics. While synthesizing the intellectual history of these challenges, this article explores the reasons why such critical strands of microeconomics fared poorly in the past, and--in contrast--what factors may account for their partial acceptance into the mainstream in recent times. Copyright 2013 The Author 2013. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.

Suggested Citation

  • Roberto Mazzoleni & Richard R. Nelson, 2013. "An interpretive history of challenges to neoclassical microeconomics and how they have fared," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 22(6), pages 1409-1451, December.
    • Handle: RePEc:oup:indcch:v:22:y:2013:i:6:p:1409-1451
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    File URL: http://hdl.handle.net/10.1093/icc/dtt031
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    Citations

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    Cited by:

    1. Pascal Seppecher & Isabelle L Salle & Marc Lavoie, 2018. "What drives markups? Evolutionary pricing in an agent-based stock-flow consistent macroeconomic model," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(6), pages 1045-1067.
    2. Chanteau, Jean-Pierre & Labrousse, Agnès, 2013. "L’institutionnalisme méthodologique d’Elinor Ostrom : quelques enjeux et controverses," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 14.
    3. repec:abe:wpaper:0001 is not listed on IDEAS
    4. Sidney G. Winter, 2016. "The place of entrepreneurship in “The Economics that Might Have Been”," Small Business Economics, Springer, vol. 47(1), pages 15-34, June.
    5. Christian Cordes, 2019. "The promises of a naturalistic approach: how cultural evolution theory can inform (evolutionary) economics," Journal of Evolutionary Economics, Springer, vol. 29(4), pages 1241-1262, September.
    6. Vassilis Droucopoulos, 2018. "Economic Theory ten years after the crisis: Just tweaking around the edges? and/or A bit of repair at the seams?," Working Papers 2001, Greek Scientific Association of Political Economy - GAPE, revised Dec 2018.
    7. Μαρία Μαρκάκη & Αθηνά Μπελεγρή-Ρομπόλη, 2018. "Στόχος Της Παρούσας Μελέτης Είναι Η Αναλυτική Διερεύνηση Της Παραγωγικής Διάρθρωσης Της Περιφέρειας Κρήτης. Ειδικότερα, Αναλύεται Ο Βαθμός Αλληλεξάρτησης Των Κλάδων Οικονομικής Δραστηριότητας, Όπως Πρ," Working Papers 2002, Greek Scientific Association of Political Economy - GAPE, revised Mar 2019.
    8. Richard R. Nelson, 2016. "Behavior and cognition of economic actors in evolutionary economics," Journal of Evolutionary Economics, Springer, vol. 26(4), pages 737-751, October.
    9. César García-Díaz, 2021. "Design, systems approaches, and the engineering-economics nexus," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 48(4), pages 601-607, December.

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