What’s Wrong with Economics I

Benjamin Ward

Chapter 6 in What’s Wrong with Economics?, 1972, pp 89-92 from Palgrave Macmillan

Abstract: Abstract Neoclassical economics is a full-fledged normal science: it passes all the tests. Furthermore, it is an expanding science, in that the economist’s techniques have been finding first-time applications in a number of areas in recent years. Still further, there is a process of integration underway. Under the rubric of behavioral science a common language, set of ideas, and battery of techniques is being set up with broad application, among others, in political science, social psychology, business administration, and Soviet economics.1 If anything, this process has been accelerating lately. Economics is the very model of a modern major discipline.

Date: 1972
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DOI: 10.1007/978-1-349-01806-2_6

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