Realism and determinism: some thoughts on neoclassical economics

Neoclassical economics is often criticised for being deterministic and disconnected from social reality. A related criticism is that neoclassical economic theory is instrumentalist. This article argues that neoclassical economics, if properly understood, can be given a realist interpretation. The o...

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Bibliographic Details
Main Author: Duncan Hodge
Format: Article
Language:English
Published: University of the Free State 2001-12-01
Series:Acta Academica
Online Access:https://journals.ufs.ac.za/index.php/aa/article/view/646