Logic and Economics II: Pure Neoclassicism, Part A

Rod O’Donnell

Review of Political Economy, 2024, vol. 36, issue 2, 634-657

Abstract: This paper investigates Pure Neoclassical economics from a logical standpoint. After discussing validity criteria, it focuses on theoretical individualism, a core foundation of Neoclassical theorizing in all its variants. Careful analysis of this doctrine reveals that, while mathematically valid, it generates many propositional contradictions in all economic and social science theories grounded upon it.

Date: 2024
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DOI: 10.1080/09538259.2023.2196949

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