Microfoundationalist Reconciliation: The Fundamental Fantasy of Neoclassical Economics—Some Reflections on Yahya Madra’s <i>Late Neoclassical Economics</i>

Using neoclassical thought as his entry point, Yahya M. Madra offers a vital prolegomenon to recalibrated critical political economy. Madra’s reinterpretation of the economic field pivots around what he calls theoretical-humanist problematic, suggesting that an ontologically inflected recharacterization is essential any serious development progressive alternatives dominant mainstream forms After outlining constituent elements theoretical humanism and some key conceptual moves, this essay explores several analytical, normative, ideological implications such redrawing boundaries thought. intervention opens up at least three lines inquiry regarding problematic: relative amplitude tensions internal different approaches in its orbit, including their capacities resist or escape gravitational pull; how it circumscribes scope concrete, normative visions; everyday practices identifications reinforce depart from related fantasies underpinning it.