“The field of economics used to be much broader than what it is now,” said Boye. She attributes its narrowing to the hardening of neoclassical economic theory into rigid doctrine. It can often seem as ...

Alberta Premier Danielle Smith is facing fierce criticism for using taxpayer money to meet American far-right pundit Ben ...

Neoclassical economists recognized that the inefficiencies associated with technical externalities constitute a form of “market failure.” Private market–based decision making fails to yield efficient ...

Behavioral economics combines elements of economics and psychology to understand how and why people behave the way they do in the real world. It differs from neoclassical economics, which assumes that ...

The research, published recently in the journal Global Sustainability, critically reviews, from a natural science perspective, the basis of neoclassical economics—the theory that underpins the ...

The work of economists such as Friedrich von Hayek and Milton Friedman, who developed theories now known as monetarism or neoclassical economics, gained prominence. These theories proposed that ...