What are the criticisms of applying neoclassical economics to developing countries?

Economic approaches criticising equilibrium thinking and advancing a computational view of the economy have recently challenged the neoclassical economics ... Oct 20, 2012 ... Neoclassical economics nowadays usually assumes that agents that have to make choices under conditions of uncertainty behave according to ... ... (neoclassical) economics.Focusing on the centrality of information/communication to economic and ecological processes, Communication and the Transformation ... Research Council to the Centre for Business Strategy, London Business School. 0309-166X/88/030313+16 803.00/0. © 1988 Academic Press Limited. Page 2 ... Practical economists who could not ignore the bouts of unemployment which had plagued capitalism since its inception talked of the neoclassical synthesis: using ... Jul 21, 2014 ... One response to this research is for employers to change their defaults from non-participation to participation in retirement savings accounts ... Theories within a progressive research program are able to explain novel facts or regularities that were previously unexplained. Con- versely, a “regressive” ... Research Library. Summarizing the latest research in economic development ... I argue that to get beyond the neoclassical fallacy, economists have to stop relying ... Instead, they see markets as institutions that have evolved to solve information problems. According to Hayek, neoclassical economics got itself into trouble by ... That is, market prices synthetize a huge amount of information dispersed throughout the economy and hence coordinates economic activity vastly beyond the narrow ...