A Critique of the Neoclassical Approach to Consumer Choice
DOI :
https://doi.org/10.12775/DP.2021.011Mots-clés :
neoclassical economics, consumers, choice, utility, perfect informationRésumé
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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Publié-e
2021-04-13
Comment citer
1.
FUTERMAN, Alan G. et BLOCK, Walter E. A Critique of the Neoclassical Approach to Consumer Choice. Dialogi Polityczne. Online. 13 avril 2021. No. 30, pp. 201-228. [Accessed 3 juillet 2025]. DOI 10.12775/DP.2021.011.
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Rubrique
Libertarianizm i ekonomia
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