Discover the concept of homo economicus, its origins, and why it's essential in economics. Explore its rational decision-making model and its limitations today.

For more than a century, neoclassical theory dominated economic thinking. Neoclassical economics is a theory based on three key assumptions: individuals have rational preferences; individuals maximize ...

This thesis critiques neoclassical economic theory. In each chapter, with the exception of the last two, I will examine a different neoclassical theory and reveal its lack of realism, and how said ...

The pressures for the privatization of public services over the last 30 years are the reaction to the perceived excesses, inefficiencies, and inadequacies of public provision. They drew strength from ...

The neglect of issues related to the economic status of minorities and women in introductory economics textbooks widely used in the United States is a problem rooted in the most fundamental ...

Like many students in the Economics Department at The New School for Social Research, Ebba Boye and Ingrid Kvangraven want to widen the lens through which we examine economies. Their approach to ...

A book presentation about neoclassical economic theory may not sound like a crowd-pleaser. But on Wednesday in Buenos Aires mobs of star-struck fans packed a giant auditorium to hear Argentina's ...

Steve Keen is a fellow contributor here at Forbes so this isn't a declaration of all out jihad upon his ideas. Rather, it's to show that one of his contentions about economics and the economy might ...

Our current economic system is based on poor science and should not be used to guide government decision-making when faced with threats to existence like climate change. That's the conclusion of a new ...