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A Neoclassical Curmudgeon Looks at Heterodox Criticisms of Microeconomics

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  • Donald W. Katzner

    (University of Massachusetts/Amherst, USA)

Abstract

The purpose of this paper is to open a dialogue with heterodox economists about what, from a neoclassical perspective, is valid in heterodox criticisms of neoclassical microeconomics. Many heterodox criticisms of neoclassical microeconomics are valid to a neoclassicist; but some are not. Examples of both are given, mostly taken from E. Fullbrook's anthology, A Guide to What's Wrong with Economics, (London: Anthem, 2004). And neoclassical reasons for a lack of validity where that arises are provided. Both criticisms and the judgment of their validity can be subjective or objective.

Suggested Citation

  • Donald W. Katzner, 2015. "A Neoclassical Curmudgeon Looks at Heterodox Criticisms of Microeconomics," World Economic Review, World Economics Association, vol. 2015(4), pages 1-63, February.
    • Handle: RePEc:wea:worler:v:2015:y:2015:i:4:p:63
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    File URL: http://wer.worldeconomicsassociation.org/files/WEA-WER-4-Katzner.pdf
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    References listed on IDEAS

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    1. John Hicks, 1975. "Revival of Political Economy: The Old and the New," The Economic Record, The Economic Society of Australia, vol. 51(3), pages 365-367, September.
    2. Donald W. Katzner, 2006. "An Introduction to the Economic Theory of Market Behavior," Books, Edward Elgar Publishing, number 3937.
    3. Shubik, Martin, 1970. "A Curmudgeon's Guide to Microeconomics," Journal of Economic Literature, American Economic Association, vol. 8(2), pages 405-434, June.
    4. Mohun, Simon & Veneziani, Roberto, 2010. "Reorienting economics?," MPRA Paper 30448, University Library of Munich, Germany.
    5. Kincaid,Harold, 1996. "Philosophical Foundations of the Social Sciences," Cambridge Books, Cambridge University Press, number 9780521482684.
    6. Robert E. Prasch, 1996. "The Origins of the a Priori Method in Classical Political Economy: A Reinterpretation," Journal of Economic Issues, Taylor & Francis Journals, vol. 30(4), pages 1105-1125, December.
    7. Hicks, John R [Sir], 1975. "Revival of Political Economy: The Old and the New," The Economic Record, The Economic Society of Australia, vol. 51(135), pages 365-367, September.
    8. Frederic Lee & Steve Keen, 2004. "The Incoherent Emperor: A Heterodox Critique of Neoclassical Microeconomic Theory," Review of Social Economy, Taylor & Francis Journals, vol. 62(2), pages 169-199.
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    Cited by:

    1. David Ellerman, 2016. "The Labour Theory of Property and Marginal Productivity Theory," Economic Thought, World Economics Association, vol. 5(1), pages 1-19, March.

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