Problems in reconciling neoclassical and Marxian models of production: a comment on Green

Article Abstract:

The extent of overlap between the Marxian economic model and the neoclassical models of production is analyzed to examine the premise that there is significant similarity between the two schools. Some economists have propounded the analysis that Marxist theories are supported by neoclassical techniques, without predicating the fusion of the two. However, further analysis indicates that that the relation between Marxian and neoclassical models are not as significant as suggested. Marxian and neoclassicist models will continue to be in conflict despite contrary analyses.

Models, Production (Economics)

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Where Marx was right: towards a more secure foundation for heterodox economics

Article Abstract:

There are a number of areas where Marxist analyses of economic issues may be more useful than neoclassical analyses, which tend to predominate in economic theory.

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Institutional individualism and institutional change: the search for a middle way mode of explanation

Article Abstract:

The debate on methodological individualism and methodological holism is examined in detail, and institutional individualism is set out as an alternative view.

Methodology, Research methods

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