A Critique of the Neoclassical Approach to Consumer Choice
DOI:
https://doi.org/10.12775/DP.2021.011Palabras clave:
neoclassical economics, consumers, choice, utility, perfect informationResumen
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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Publicado
2021-04-13
Cómo citar
1.
FUTERMAN, Alan G. y BLOCK, Walter E. A Critique of the Neoclassical Approach to Consumer Choice. Dialogi Polityczne. Online. 13 abril 2021. No. 30, pp. 201-228. [Accessed 1 julio 2024]. DOI 10.12775/DP.2021.011.
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Libertarianizm i ekonomia
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