The Making of Neoclassical Economics (Routledge Revivals)

Business & Finance, Economics, Economic History
Cover of the book The Making of Neoclassical Economics (Routledge Revivals) by John F. Henry, Taylor and Francis
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Author: John F. Henry ISBN: 9781136810534
Publisher: Taylor and Francis Publication: July 26, 2012
Imprint: Routledge Language: English
Author: John F. Henry
ISBN: 9781136810534
Publisher: Taylor and Francis
Publication: July 26, 2012
Imprint: Routledge
Language: English

First published in 1990, this unique explanation of the rise of neoclassical economics views social change as an engine promoting change in theory. It attempts to develop a theory of the origins, consolidation and rise to dominance of the neoclassical school of thought. In so doing, it addresses the contest between the labour and utility theories of value; both are placed in historical context, and reasons are offered for the relative success of each in particular historical periods. It is argued that the eventual dominance of neoclassicism, a theory based on the social changes then taking place, resulted not from its scientific superiority but from its non-social perspective which ignores the social order upon which it depends.

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First published in 1990, this unique explanation of the rise of neoclassical economics views social change as an engine promoting change in theory. It attempts to develop a theory of the origins, consolidation and rise to dominance of the neoclassical school of thought. In so doing, it addresses the contest between the labour and utility theories of value; both are placed in historical context, and reasons are offered for the relative success of each in particular historical periods. It is argued that the eventual dominance of neoclassicism, a theory based on the social changes then taking place, resulted not from its scientific superiority but from its non-social perspective which ignores the social order upon which it depends.

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