The Neoclassical economics: a Lakatosian analysis. Fom full minstream until its implosion

Alain Herscovici ()

Brazilian Journal of Political Economy, 2015, vol. 35, issue 4, 780-798

Abstract: This paper aims to define, from a Lakatosian approach, the neoclassical scientific research program (SRP). For such purpose, I will compare this SRP with the ones of the new institutional economics (Coase and Williamson) and the New Information Economics (Akerlof, Grossman e Stiglitz) and, by using the notion of implosion, I will highlight its limits. After discussing Lakatos’ method and drawing upon his approach to define the Neoclassical SRP, the paper defines and explain the Neoclassical SRP implosion. JEL Classification: B41; B2.

Keywords: economic epistemology; Neoclassical Economics; demarcation criterion (search for similar items in EconPapers)
Date: 2015
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