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 ...

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 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 ...

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 ...

With regard to manufacturing – particularly relevant in the East Asian context – neoclassical economists (those with an ideological grounding in laissez-faire approaches to growth) argue that ...

In the course of its history, the Department of Economics at The New School for Social Research has taken a broad and critical approach to the field, giving voice to classical political economy, ...