On The “Stickiness’ Of The Economic Equilibrium Paradigm

Charles C. Fischer

American Journal of Economics and Sociology, 1993, vol. 52, issue 1, 51-62

Abstract: Abstract. Thomas S. Kuhn, Imre Lakatos and Mark A. Zupan have made important contributions to our understanding of why paradigms of thought tend to be quite resistant to displacement, or even revision. Their work is extended in an attempt to explain the staying power of the economic equilibrium paradigm. It is argued that this paradigm is particularly “sticky” due to its pedagogical, methodological and protective properties. The implications of this for paradigm assessment and evolution are discussed.

Date: 1993
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