The Neoclassical Synthesis in Crisis

  • James Ronald Stanfield


This chapter provides an institutionalist analysis and diagnosis of the current crisis of orthodox economics. We shall, first, characterize the predominant opinion in economics — the neoclassical synthesis. Next, we examine the anomalies which are currently vexing orthodox opinion and their sufficiency to provoke a period of crisis and extraordinary science. In the final section, we diagnose the source of the anomalies of the neoclassical synthesis.


Full Employment Current Crisis Structural Anomaly Economic Thought Anomalous Area 
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Copyright information

© James Ronald Stanfield 1995

Authors and Affiliations

  • James Ronald Stanfield
    • 1
  1. 1.Colorado State UniversityUSA

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