What are the ethical implications of neoclassical economics?

Jul 4, 2024 ... “The convenience of the perfect-information postulate precluded the need. [for neoclassical economics] to dissect the nexus of social ... The economic models with a neoclassical theoretical basis were among the most often used tools in the early stages of cybersecurity economics research. This ... normative than the neoclassical economics assumptions of rational economic agents and ... research as neoclassical because such a broad definition of ... 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 economics approach did not supplant the neoclassical model but rather extended it to include an explicit analysis of how information ... The new institutional economics aspires to bridge the gap between neoclassical economics and organization theory (Williamson, 1985; Furubotn and Richter, 1998). Specifically, virtually all recent mainstream neoclassical economic research is based on the highly misleading “intermediation of loanable funds ... Jul 2, 2008 ... major element of standard neoclassical economics‖ (1992, p. ... Other Theorems of Institutional Economics,' Journal of Labor Research, 29. (Spring) ... It continues to form the basis for neoclassical economics and finance theory ... for cutting-edge research in economic sociology, cultural economy, and the new ... ... economics,” which provides a new way of assessing and reconciling (albeit partially) the growing conflict between conventional or neoclassical economics ...