Darwiniana

History, Evolution, and The Darwin Debate

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Neo-classical economics and delusive theory

December 17th, 2017 · No Comments

https://thenextrecession.wordpress.com
2017/12/16/the-economics-of-luther-or-munzer/

We have commented many times on the question of neo-classical economics the question finally remains as to whether the marginalizt concept is really the way to go in economics. It has resulted in a clever but somehow fallacious parody of the differential in calculus, but with no really correct analogue in the facts of the case. The rise of neo-classical theory is itself a puzzle, almost like a form of mystification. In the final analysis the differential equation has no real place in a theory that attempts to embrace the free agency of its economic actors…

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