We document and analyze the emergence and consolidation of neoliberalism in higher education in economics in Colombia. The research focuses on four interrelated categories through which the neoliberal ideology changed the scientific field of economics by replacing endogenously developed...

This study investigated whether economic motivations are a key factor in international migration decisions. Applying the selectivity-corrected expected income for migrants and stayers, the difference in expected income for an individual in origin and destination countries was analyzed. This...

Right-wing critics of Keynes have often suggested that he was a socialist. His policy proposals were very often described as a slippery slope that would lead society into a totalitarian nightmare. Alternatively, from the left, Keynes was often seen as a reformist that intended to preserve the...

Economics is often referred to as ""the queen of social sciences."" This is because mainstream economics has been established as an elegant academic discipline by assuming mankind simply to be homo economicus—an image of human beings showing interest in only material fulfilment and acting...

Labour market economics works on the principle of a neoclassical approach. Competitiveforces, corporate policy, collective bargaining, and state intervention create the realityof the market. Technological progress in advanced technology, robotics, and artificialintelligence is strengthening the...

The paper presents Kenneth Arrow's interpretation of the competitive general equilibrium model, arguing he used it to articulate an ambitious critique of what he called the 'neoclassical theory.' Without arguing that Arrow's account of neoclassical theory was correct, I explore how Arrow was...

FROM THE ARTICLE: At first glance, it would appear that Deleuze’s concept of structure involves a complex form of so-called creorder, a term that appears at the forefront of the methodological findings of the economists Bichler/Nitzan. If the structure is actualized in each of its moments in...

We document and analyze the emergence and consolidation of neoliberalism in higher education in economics in Colombia. The research focuses on four interrelated categories through which the neoliberal ideology changed the scientific field of economics by replacing endogenously developed...

This article offers a critical review of the post-pandemic inflation debate. The first section organizes the debate by categorizing the arguments into two broad perspectives: the neoclassical view and the critical political economy view, along with several subcategories. This classification is...

The paper presents Kenneth Arrow’s interpretation of the competitive general equilibrium model, arguing he used it to articulate an ambitious critique of what he called the 'neoclassical theory.' Without arguing that Arrow’s account of neoclassical theory was correct, I explore how Arrow was...

A balanced growth path that accounts for a decline in hours worked per worker approximates the evolution of today’s industrialized countries since 1870. This stylized fact is explained in an OLG-model featuring two-period lived individuals equipped with per-period utility functions of the...

Calls to boycott a foreign country aim to push a share of domestic consumers to cut their consumption of goods imported from the targeted country. How do boycotts differ from sanctions? Should boycotters target all of the country’s products, or should they focus on a restricted set of sectors?...

Chapter 1: Policy Mistakes of Historical Proportions Destabilized the Political System and Lead to the Rise of Right-Wing Populist Movement, 1981-2016 -- Chapter 2: The Decline of U.S. Manufacturing Employment since 1980 -- Chapter 3: The Financial Crisis of 2008 and Estrangement from the System...

Chapter 1. Introduction -- Chapter 2. Society -- Chapter 3. Value Theory -- Chapter 4. Exchange, Money, Society -- Chapter 5. Money -- Chapter 6. Money and "Socialism" -- Chapter 7. Summary: Or, What's New Here?.

We write this essay for both lay readers and scientists, though mainstream economists are welcome to enjoy it too. Our subject is the basic toolbox of mainstream economics. The most important tools in this box are demand, supply and equilibrium. All mainstream economists – as well as many...

שמשון ביכלר ויהונתן ניצן פרסמו באחרונה את ספרם "ההון ושברו" (פרדס, 2022, 602 עמ'), בו הם דנים במשותף בתהפוכות כלכליות ותיאורטיות עדכניות. הספר ראה אור כעשרים שנה לאחר...

Preface. This interview was commissioned in October 2019 for a special issue on ‘Accumulation and Politics: Approaches and Concepts’ to be published by the Revue de la régulation. We submitted the text in March 2020, only to learn two months later that it won’t be published. The problem,...

From the article: The French Revolution changed the world. In the new order, the masters no longer need Monsieur Fouche and the thought police. They don’t need guillotines to clip brains and scissors to censor pamphlets. They don’t need strategic-studies institutes to manage oppression and...

Political economists, both mainstream and Marxist, find it difficult to reconcile the «real» and «financial» appearances of capital. The conventional view is that «real» capital is an objective productive entity; that «finance» merely reflects this reality; and that, unfortunately, the...

Right-wing critics of Keynes have often suggested that he was a socialist. His policy proposals were very often described as a slippery slope that would lead society into a totalitarian nightmare. Alternatively, from the left, Keynes was often seen as a reformist that intended to preserve the...

This is a comment on Nomidis (2023). Using simple examples, the focus is on the conditions that lead to Cournot’s competitive limit result, showcasing the connections between the Cournot model and competitive equilibrium. Citing original sources, it is argued that the Neoclassical economists...

Public health events (PHEs) have emerged as significant threats to human life and health, as well as affecting economic growth. PHEs such as COVID-19 have led people to reflect on better regular prevention and control (RPC) for PHEs. Firstly, under the background of RPC for PHEs, a neoclassical...

Neoclassical economics originated in the late 1800s with the paradigm shift known today as the marginal revolution. This scientific revolution produced a variety of schools of economic thought, each with its own relationship with sociology. This chapter examines the relationship between the...

This paper is a continuation and completion of my article “Revisiting Cournot and Neoclassical Economics” (Nomidis 2023). It continues the search for the reasons that led Cournot and later Neoclassical theorists to consider an infinite number of minimal-size firms as a necessary condition...

This paper studies China’s four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we argue that China’s growth pattern is very similar to that of several other East Asia economies that initially grew very quickly. Second, we show that a minimalist...

Purpose The aim of this paper is to investigate whether a Nash equilibrium of a two-country trading economy is symmetry-breaking or not. Design/methodology/approach The approach to tackle this topic is a theoretical treatment by the general equilibrium trade theory and game theory. Findings If...

The distribution of income has been shown to be approximately Pareto and there are different mechanisms proposed in the literature that can generate such distribution. This paper shows that scarcity of skills and a neoclassical production function in labor can generate an exact Pareto...

This paper studies China's four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very quickly. Second, we show that a minimalist...