Economics Dictionary of ArgumentsHome
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| Neoclassical economics: Neoclassical economics is a school of economic thought that emerged in the late 19th century. It is based on the principles of rational choice, marginalism, and general equilibrium. Neoclassical economists believe that markets are the most efficient way to allocate resources and that government intervention should be minimized. See also Efficiency, Markets, Equilibrium, Interventions, Liberalism, Rational Choice._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Amartya Sen on Neoclassical Economics - Dictionary of Arguments
Brocker I 881 Neoclassical Economics/SenVsNeoclassics: 1. Sen is directed against all tendencies in economics to describe the world as quasi-science with mechanistic models.(1) There was nothing against the premise of rationality, but against the assumption of an omnipresent selfishness.(2) I 882 Neither egoism nor altruism can be assumed.(3) However, this altruism is reinterpreted by some authors: >Altruism, >Egoism. I 882 SenVsNeoclassical Economics: 2. VsMathematizability: The program of quantitative maximization is based on the assumption of commensurability of all utility functions. This presupposes the exchangeability of all goods and services. According to Sen, however, this is not the case. People constantly aim at different and often completely incommensurable (hedonistic as well as moral, material as well as ideal and practical as well as aesthetic etc.) goods at the same time and weigh them flexibly, which should have priority in each case. >Actions/Sen, >Markets/Sen. 1. Amartya Sen, Ökonomie für den Menschen. Wege zu Gerechtigkeit und Solidarität in der Marktwirtschaft, München 2000, S. 101f. 2. Ibid. p. 147 3. Ibid. p. 332 Claus Dierksmeier, „Amartya Sen, Ökonomie für den Menschen (1999)“ in: Manfred Brocker (Hg.) Geschichte des politischen Denkens. Das 20. Jahrhundert. Frankfurt/M. 2018_____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconSen I Amartya Sen Collective Choice and Social Welfare: Expanded Edition London 2017 Brocker I Manfred Brocker Geschichte des politischen Denkens. Das 20. Jahrhundert Frankfurt/M. 2018 |
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> Counter arguments against Sen
> Counter arguments in relation to Neoclassical Economics
