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Anti-Meritocratic Economics in the Contemporary Era: The Issues with the Neoclassical Theory

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  • Maxfield, Sean Alexander

Abstract

No longer does society consider the full extent of the argument and consequences or benefits of a system change. All the record-breaking economic success of the last few decades simply furthers a divide between people/organizations that have money and people/organizations that need money. However, those that can view this divide assign the capitalistic system as the culprit when in fact it is the modern mutation of capitalism that is at fault. Within modern neoclassical economies, there is no form of value-based meritocracy between people and organizations.

Suggested Citation

  • Maxfield, Sean Alexander, 2021. "Anti-Meritocratic Economics in the Contemporary Era: The Issues with the Neoclassical Theory," OSF Preprints j9sgq, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:j9sgq
    DOI: 10.31219/osf.io/j9sgq
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    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • A10 - General Economics and Teaching - - General Economics - - - General
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • B0 - Schools of Economic Thought and Methodology - - General
    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • E0 - Macroeconomics and Monetary Economics - - General

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