A Critique of the Neoclassical Approach to Consumer Choice

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DOI:

https://doi.org/10.12775/DP.2021.011

Klíčová slova:

neoclassical economics, consumers, choice, utility, perfect information

Abstrakt

In this paper we analyze neoclassical concepts such as utility maximization and indifference, in
order to identify their failure to explain consumer choice. Thus, we study the problems of indifference
analysis, and the process of human action itself. We provide a critique of the neoclassical
view of consumer choice and contrast it with the Austrian approach.

Stahování

Publikováno

2021-04-13

Jak citovat

1.
FUTERMAN, Alan G. a BLOCK, Walter E. A Critique of the Neoclassical Approach to Consumer Choice. Dialogi Polityczne. Online. 13 duben 2021. No. 30, pp. 201-228. [Accessed 4 červenec 2025]. DOI 10.12775/DP.2021.011.

Číslo

No 30 (2021)

Sekce

Libertarianizm i ekonomia

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