Open AccessKritik der herrschenden ökonomischen Lehre
Author(s) -
Hans-Peter Büttner
Publication year - 2011
Publication title -
prokla
Language(s) - English
Resource type - Journals
eISSN - 2700-0311
pISSN - 0342-8176
DOI - 10.32387/prokla.v41i164.2
Subject(s) - subjectivism , methodological individualism , economics , field (mathematics) , individualism , positive economics , neoclassical economics , austrian school , epistemology , philosophy , sociology , market economy , mathematics , pure mathematics
Hans-Peter Büttner: Critique of ruling economics. The discourse of Piero Sraffa. Neoclassicaleconomic theory and its apparatus of methodological individualism, subjectivism andmarginalism is the dominant paradigm within the field of economic science. Nevertheless theresearch program of Piero Sraffa and the neo-Ricardian school has shown that neoclassicaltheory is internally inconsistent and faced with serious problems with respect to its empiricalrelevance – as a concrete and well investigated example for empirical observation, I presentneoclassical cost theory, the fundament of standard neoclassical supply function. The textdiscusses three historical debates initiated by the neo-Ricardian school against neoclassicalecomomics and shows the importance of these results for critical economic approaches.