Science, Rationality, and Neoclassical Economics

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University of Delaware Press, 1992 - Business & Economics - 187 pages
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This work examines the claim to scienific status made by supporters and practitioners of neoclassical economics. The approach taken is that of the history and philosophy of science. Analysis points to the conclusion that theories of economic choice are necessarily normative, essentially because of the nature of human behavior.
 

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Contents

Preface
6
Introduction
9
Knowledge and the Theory of Science
13
The Structure and Proof of Scientific Theories
27
The Classical and Neoclassical Methodology
41
Ordinal Utility Theory and Contemporary Neoclassical Economics
57
General Equilibrium Theory An Analysis
83
The Postulate of Rationality and Neoclassical Economic Theory
94
Positive Neoclassical Welfare Economics
113
Alternative Methodologies
122
A Theory of Optimal Decision Making
133
Notes
152
Bibliography
169
Index
177
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