What are the ongoing debates about the lessons learned from the transition process from a neoclassical perspective?

Alchian begins Uncertainty, Evolution, and Economic Theory by stating that “[a] modification of economic analysis to incorporate incomplete information and ... Theories within a progressive research program are able to explain novel facts or regularities that were previously unexplained. Con- versely, a “regressive” ... for the relevance of any theory. Moreover, neoclassical research is typically narrowed to questions that are accessible to mathematical modelling; content ... ... informational considerations become central. A modelling strategy that ... neoclassical economics and viewed from a self-organisational perspective. It ... Apr 8, 2010 ... In this paper, we study how such information spillovers impact the incentives that agents face when making their real economic decisions. scholars working within the Austrian tradition were understood by economists to be fully incorporated into standard neoclassical economics by the early 1930s. Kurt Dopfer, 'The Phenomenon of Economic Change: Neoclassical vs Schumpeterian Approaches', in: L. Magnusson (Ed.), Evolutionary and Neo-Schumpeterian ... The theory also believes that because people make decisions based on the available information ... and the neoclassical revolution in economics.1. The Influence ... Jan 3, 2011 ... For consequential survey questions, neo- classical economic theory is relevant in terms of the incentives respond- ents face in answering the ... Apr 7, 2025 ... Going beyond neoclassical economic theory, Nelson and Winter (1985) described consequences of dynamic processes of innovation in ...