A Critique of the Neoclassical Approach to Consumer Choice

Autor/innen

DOI:

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

Schlagworte:

neoclassical economics, consumers, choice, utility, perfect information

Abstract

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.

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Veröffentlicht

2021-04-13

Zitationsvorschlag

1.
FUTERMAN, Alan G. und BLOCK, Walter E. A Critique of the Neoclassical Approach to Consumer Choice. Dialogi Polityczne. Online. 13 April 2021. No. 30, pp. 201-228. [Accessed 3 Juli 2025]. DOI 10.12775/DP.2021.011.

Ausgabe

Nr. 30 (2021)

Rubrik

Libertarianizm i ekonomia

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