A Critique of the Neoclassical Approach to Consumer Choice

Autori

DOI:

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

Parole chiave:

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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Pubblicato

2021-04-13

Come citare

1.
FUTERMAN, Alan G. e BLOCK, Walter E. A Critique of the Neoclassical Approach to Consumer Choice. Dialogi Polityczne. Online. 13 aprile 2021. No. 30, pp. 201-228. [Accessed 5 luglio 2025]. DOI 10.12775/DP.2021.011.

Fascicolo

N. 30 (2021)

Sezione

Libertarianizm i ekonomia

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