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The Neoclassical Synthesis in Crisis

J. Ron Stanfield

International Journal of Social Economics

ISSN: 0306-8293

Article publication date: 1 January 1979

241

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

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MCB UP Ltd

Copyright © 1979, MCB UP Limited

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