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us: This inquiry seeks to establish the importance of the critiques leveled by Thorstein Veblen and Tony Lawson against the orthodox economics. In order to advance this point this inquiry advances the notion that Neoclassical school and its sub school known as marginal utility theory are constructed upon shaky philosophical and methodological foundations that include the hedonistic conception of man, Benthamite Utilitarianism, static equilibria, and the use of the mathematical deductivist method far beyond its scope of effectiveness. Writing in two different time periods, Veblen and Lawson comment upon the same essential methodological maladies and then advance alternative methodologies and ontologies aimed at reorienting a classical physics based economics towards a socialbiological future. (113 words) JEL Classifications: B10, B13, B15, B31, B41

Selected Critiques of the Philosophical Underpinnings of the Neoclassical School