What are the alternative normative frameworks that can be used to evaluate economic policy?

Jul 13, 2021 ... ... economists that such a syn- thesis of behavioral and neoclassical economics makes behavioral economics obsolete as a distinct research ... Economic approaches criticising equilibrium thinking and advancing a computational view of the economy have recently challenged the neoclassical economics ... Instead, they see markets as institutions that have evolved to solve information problems. According to Hayek, neoclassical economics got itself into trouble by ... The information content of monetary aggregates about the true state of the economy is important when the variability of output measurement errors is high. In ... Jun 12, 2024 ... In sum, there ain't no such thing as a market failure, the claims of most neoclassical economists to the contrary notwithstanding, certainly not ... Jul 4, 2024 ... “The convenience of the perfect-information postulate precluded the need. [for neoclassical economics] to dissect the nexus of social ... Information asymmetry is in contrast to perfect information, which is a key assumption in neo-classical economics. In 1996, a Nobel Memorial Prize in Economics ... Aug 2, 2021 ... The emergence of the behavioral economics and neuroeconomics research programs has however started to shift the pendulum within the economics ... neoclassical economics, evolutionary economics claims ... ), Evolutionary and Neo-Schumpeterian Approach to Economics (Kluwer Academic Publishers, 1994) 1. Specifically, virtually all recent mainstream neoclassical economic research is based on the highly misleading “intermediation of loanable funds ...