The Neoclassical Synthesis in Crisis

  • James Ronald Stanfield

Abstract

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.

Keywords

Economic Crisis Manifold Income Baran Lution 

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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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