Advertisement

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

Full Employment Current Crisis Structural Anomaly Economic Thought Anomalous Area 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© James Ronald Stanfield 1995

Authors and Affiliations

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

Personalised recommendations