An interpretive history of challenges to neoclassical microeconomics and how they have fared

Roberto Mazzoleni and Richard Nelson

Industrial and Corporate Change, 2013, vol. 22, issue 6, 1409-1451

Abstract: Contemporary microeconomics has witnessed a resurgence of behavioral, institutional, and evolutionary critiques of the neoclassical mainstream that came to dominate the field during the 1980s. Today's critiques and proposals for reform have a long tradition in economics. While synthesizing the intellectual history of these challenges, this article explores the reasons why such critical strands of microeconomics fared poorly in the past, and--in contrast--what factors may account for their partial acceptance into the mainstream in recent times. Copyright 2013 The Author 2013. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.

Date: 2013
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