Neoclassical Economics A different historical narration (in Persian)

Mahmoud Mashhadiahmad ()
Additional contact information
Mahmoud Mashhadiahmad: University of Tehran

The Journal of Planning and Budgeting (٠صلنامه برنامه ریزی و بودجه), 2015, vol. 20, issue 1, 161-192

Abstract: How was the term "Neoclassical Economics" introduced to economics and what thoughts does it indicate? Does the current use of this term conform with the original efforts of the founders of it? These are among the questions which have always drawn the attention of economists. The term "Neoclassical Economics" was primarily introduced to the modern economics by Veblen. What he meant by it was the marginalistic thoughts of late 19th century and early 20th century. Marginalists resorted to subjective preferences in order to escape from the theory of objective value of Classics. They had hoped to make the foundations of economics more scientific by putting objective value aside. Despite the early developments, the efforts became so abstract after a while that could be considered anything but a theory about human behavior. By reviewing the scientific existence of neoclassic economics in this paper, we will show how this school of thought was formed, what were its characteristics and what it became during the time. We will also show that the founders of this school of thought, despite what is mainly believed, didn't have an anti-historical and anti-institutional approach.

Keywords: Neoclassical Economics; Marginalism; Jevons; Walras; Marshall (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://jpbud.ir/article-1-964-en.pdf (application/pdf)
http://jpbud.ir/article-1-964-en.html (text/html)
http://jpbud.ir/article-1-964-fa.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:auv:jipbud:v:20:y:2015:i:1:p:161-192

Access Statistics for this article

More articles in The Journal of Planning and Budgeting (٠صلنامه برنامه ریزی و بودجه) from Institute for Management and Planning studies Contact information at EDIRC.
Bibliographic data for series maintained by Nahid Jebeli ( this e-mail address is bad, please contact ).