The Neoclassical Synthesis in Crisis
Abstract
This article attempts to provide an institutionalist analysis and diagnosis of the current crisis of orthodox economics. We shall, first, characterise the predominant opinion in economics—the neoclassical synthesis. Next, we examine the anomalies which are currently vexing orthodox opinion and their power to provoke a period of crisis and extraordinary science. In the final section, we diagnose the source of the anomalies of the neoclassical synthesis.
Citation
Ron Stanfield, J. (1979), "The Neoclassical Synthesis in Crisis", International Journal of Social Economics, Vol. 6 No. 1, pp. 3-17. https://doi.org/10.1108/eb017465
Publisher
:MCB UP Ltd
Copyright © 1979, MCB UP Limited