Re: Where Is My Headline? (Was Re: Continuing Failure Of Neoclassical Theory Of Value)

It would be nice to be able to do this --although this kind of thing
does not seem to be on many people's research agenda-- but it's not
needed.


So much for Alex's pretense to advocate "rigorous economics".



I'm still grasping at trying to understand what mainstream economics
*is*. The mathematic "rigour" conceals conceptual deficiencies.

Indeed. One of the quotes from Mandler's Dilemmas In Economic Theory
that Vienneau posted piqued my interest, so I bought the book from
Amazon ("used", for around $6). I'm about halfway through, and it's
quite fascinating really. The author's central thesis is that the
problems that modern mainstream economics attempts to solve are quite
different than the problems that the earlier neoclassicals (i.e., pre
Arrow-Debreu) grappled with. The problems of production, distribution,
and welfare have essentially been defined out of existence rather than
actually solved. This happened when the earlier solutions were
demonstrated to have irresolvable flaws. Nevertheless, those earlier
subjects as well as the flawed solutions are still taught as part of
the standard economics curriculum at the undergraduate level.

.

Relevant Pages