Viability, Economic Transition and Reflection on Neoclassical Economics*
نویسندگان
چکیده
منابع مشابه
Viability, Economic Transition and Reflections on Neo-classical Economics
Many transition policies, based on neoclassical economics, failed in Eastern Europe, Former Soviet Union, and China. The paper argues that the failure is due to the viability assumption of the neoclassical economics. The neoclassical economics implicitly assumes a firm to be able to earn a socially acceptable profit in an open, competitive market if the firm has a normal management. However, ma...
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51 WALTER BLOCK is the Harold E. Wirth eminent scholar endowed chair in economics, WILLIAM BARNETT II is associate professor of economics, and STUART WOOD is associate professor of economics and finance at Loyola University, New Orleans. Block would like to thank David Kennedy, Tony Sullivan, and the Board of Directors of the Earhart Foundation for financial support used to write this paper. An...
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ژورنال
عنوان ژورنال: Kyklos
سال: 2005
ISSN: 0023-5962,1467-6435
DOI: 10.1111/j.0023-5962.2005.00287.x