It is easy to take potshots at the field of economics today, whether motivated by the financial crisis or the fact that Nobel laureates, such as economist and New York Times columnist Paul Krugman, ...

Robert Atkinson and Michael Lind have recently written a piece on how the simplifications made in introductory economics classes help spread wrong beliefs about how an economy works in practice. The ...

For more than a century, neoclassical theory dominated economic thinking. Neoclassical economics is a theory based on three key assumptions: individuals have rational preferences; individuals maximize ...

The 19th-century creators of neoclassical economics—the theory that now serves as the basis for coordinating activities in the global market system—are credited with transforming their field into a ...

This thesis critiques neoclassical economic theory. In each chapter, with the exception of the last two, I will examine a different neoclassical theory and reveal its lack of realism, and how said ...

While finance historians credit Harry Markowitz as the father of Modern Portfolio Theory, he enjoys pointing to Shakespeare as an early advocate of diversified portfolios. In “The Merchant of Venice,” ...

The causes of the environmental crisis may be hugely complex, but the most effective way to deal with it in economic terms seems rather obvious. We must use our best scientific understanding of how ...

A book presentation about neoclassical economic theory may not sound like a crowd-pleaser. But on Wednesday in Buenos Aires mobs of star-struck fans packed a giant auditorium to hear Argentina's ...

Like many students in the Economics Department at The New School for Social Research, Ebba Boye and Ingrid Kvangraven want to widen the lens through which we examine economies. Their approach to ...