The neo-classical equilibrium theory, as a mainstream market theory, has been dominating the science of economics and even the way of thinking in people’s daily life. However, the two basic elements in the theory, na...The neo-classical equilibrium theory, as a mainstream market theory, has been dominating the science of economics and even the way of thinking in people’s daily life. However, the two basic elements in the theory, namely, natural construction and formalistic equilibrium analysis, contain various covert unrealistic biases which have turned this theory into a “Utopia.” Critiquing and correcting those biases with a collective effort from economics and other social sciences are the starting point toward a new realistic theory of market economy.展开更多
文摘The neo-classical equilibrium theory, as a mainstream market theory, has been dominating the science of economics and even the way of thinking in people’s daily life. However, the two basic elements in the theory, namely, natural construction and formalistic equilibrium analysis, contain various covert unrealistic biases which have turned this theory into a “Utopia.” Critiquing and correcting those biases with a collective effort from economics and other social sciences are the starting point toward a new realistic theory of market economy.
