Anti-Meritocratic Economics in the Contemporary Era: The Issues with the Neoclassical Theory

Sean Maxfield

MPRA Paper from University Library of Munich, Germany

Abstract: No longer does society consider the full extent of the argument and consequences or benefits of a system change. All the record-breaking economic success of the last few decades simply furthers a divide between people/organizations that have money and people/organizations that need money. However, those that can view this divide assign the capitalistic system as the culprit when in fact it is the modern mutation of capitalism that is at fault. Within modern neoclassical economies, there is no form of value-based meritocracy between people and organizations.

Keywords: economics; econ; economic; economy; economies; neoclassical; classical; capitalism; Adam Smith; socialism; price; prices; markets; valuation; value; hierarchies; hierarchical; monetary; equity; finance; financial; financial services; exchanges; stock markets; secondary markets; businesses; inflation (search for similar items in EconPapers)
JEL-codes: A1 A10 A11 A13 A2 A20 B0 B1 B2 B3 B4 E0 E6 G0 N0 N1 P1 P10 P12 P16 P5 P51 (search for similar items in EconPapers)
Date: 2021-12-18
New Economics Papers: this item is included in nep-cwa, nep-hme, nep-hpe, nep-mac and nep-pke
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Related works:
Working Paper: Anti-Meritocratic Economics in the Contemporary Era: The Issues with the Neoclassical Theory (2021)
Working Paper: Anti-Meritocratic Economics in the Contemporary Era: The Issues with the Neoclassical Theory (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:111152

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