Neoclassical Theory

Harold Lydall

Chapter 2 in A Critique of Orthodox Economics, 1998, pp 13-29 from Palgrave Macmillan

Abstract: Abstract The purpose of this chapter is to bring to the surface the reasons why neoclassical theory is incompatible with the existence of entrepreneurs. As a corollary, I shall also identify the changes in theory that are necessary in order to provide a role for the entrepreneur.

Keywords: General Equilibrium; Excess Demand; Perfect Knowledge; Neoclassical Theory; Price Expectation (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37987-9_2

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DOI: 10.1057/9780230379879_2

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