Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend

Printer Friendly Page Save As Favorite View Favorites (# of views)   1 comment

Why were resources expunged from neo-classical economics?

Quicklink submitted By   Follow Me on Twitter     Message Scott Baker     Permalink
Related Topic(s): ; ; ; ; ; ; , Add Tags

Must Read 2   Well Said 1   News 1  
View Ratings | Rate It Headlined to H3 7/20/10

Become a Fan
  (78 fans)
Something strange happened to economics about a century ago. In moving from classical to neo-classical economics -- the dominant academic school today -- economists expunged land -- or natural resources. Neo-classical value theory -- based on marginalism and subjective valuation-still makes a great deal of sense. Expunging natural resources from the way economists think about the world does not - Martin Wolf, Financial Times

Read the rest of the story HERE:


- Advertisement -
- Advertisement -