What are the ongoing debates about the relative merits of capitalism and socialism from a neoclassical perspective?

The Solow neoclassical model of economic growth, synchronized with LW, gives the opportunity to forecast economic dynamics of technologically advanced countries ... ... neoclassical economics. Akerlof spent time at the London School of Economics ... The Laureates' contributions form the core of modern information economics. In this paper we apply the standard neoclassical economic framework to generate predictions about how rational agents would answer such survey questions. Aug 2, 2021 ... The emergence of the behavioral economics and neuroeconomics research programs has however started to shift the pendulum within the economics ... 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 ... 4 According to the dominant economic model, also known as the neoclassical economic theory, which originated in the last decades of the 19th century ... Apr 7, 2025 ... Going beyond neoclassical economic theory, Nelson and Winter (1985) described consequences of dynamic processes of innovation in ... scholars working within the Austrian tradition were understood by economists to be fully incorporated into standard neoclassical economics by the early 1930s. Neoclassical economists argue that behavioral biases cannot survive in competitive markets and question the relevance of behavioral insights for economic policy ... Nov 20, 2021 ... General equilibrium theory lost its dominant position in theoretical economic studies, with its role of setting the research agenda taken over ...