Classical Economics: Lost and Found.

The article focuses on classical economics. Topics include that the neoclassical mathematical theory of value culminated in Kenneth Arrow and Gerard Debreu's model characterizes the static general equilibrium state of an economy; and that the principle of individual utility maximization has no inter...

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Publicado en:Independent Review Vol. 25; no. 1; pp. 79 - 91
Autores principales: INOUA, SABIOU M., SMITH, VERNON L.
Formato: Artículo
Publicado: Independent Institute Summer2020
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Acceso en línea:Ver este registro en EBSCOhost
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          INOUA, SABIOU M.
          SMITH, VERNON L.
        affil:
          Predoctoral research associate in the Economic Science Institute at Chapman University
          Professor, George L. Argyros Endowed Chair in Finance and Economics, and professor of economics and law in the Smith Institute for Political Economy and Philosophy and the Economic Science Institute at Chapman University
      su:
        Economics
        Business cycles
        Microeconomics
        Neoclassical school of economics
        Random walks
      sug:
        subj:
          Economics
          Business cycles
          Microeconomics
          Neoclassical school of economics
          Random walks
      ab: The article focuses on classical economics. Topics include that the neoclassical mathematical theory of value culminated in Kenneth Arrow and Gerard Debreu's model characterizes the static general equilibrium state of an economy; and that the principle of individual utility maximization has no interesting implication for aggregate market demand.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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