The Making of Neoclassical Economics
Author | : John F. Henry |
Publisher | : Routledge |
Total Pages | : 288 |
Release | : 2012-03-02 |
ISBN-10 | : 9780415618731 |
ISBN-13 | : 0415618738 |
Rating | : 4/5 (31 Downloads) |
Download or read book The Making of Neoclassical Economics written by John F. Henry and published by Routledge. This book was released on 2012-03-02 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1990, this unique explanation of the rise of neoclassical economics views social change as an engine promoting change in theory. It attempts to develop a theory of the origins, consolidation and rise to dominance of the neoclassical school of thought. In so doing, it addresses the contest between the labour and utility theories of value; both are placed in historical context, and reasons are offered for the relative success of each in particular historical periods. It is argued that the eventual dominance of neoclassicism, a theory based on the social changes then taking place, resulted not from its scientific superiority but from its non-social perspective which ignores the social order upon which it depends.