Homer: A Forerunner of Neoclassical Economics

Carlos Posada

MPRA Paper from University Library of Munich, Germany

Abstract: Homer clearly expressed the economic problem of choosing the best option among several alternatives given a certain set of restrictions. In the Odyssey he specifically wrote about the minimum cost choice. This kind of problem, as is well known, is at the heart of the neoclassical economics. We can therefore consider Homer a forerunner of this school of thought. This hypothesis contrasts with those of Trever (1916), Schumpeter (1954) and Schefold (1997).

Keywords: Odyssey; minimum cost choice; neoclassical economics (search for similar items in EconPapers)
JEL-codes: B13 B3 (search for similar items in EconPapers)
Date: 2012-05
New Economics Papers: this item is included in nep-hpe
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Working Paper: Homer: A Forerunner of Neoclassical Economics (2012)
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