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  • Search: subject:"neoclassical utility theory"
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behavioural economics 1 consumer behaviour 1 human behaviour 1 literature review 1 neoclassical utility theory 1
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Karacuka, Mehmet 1 Zaman, Asad 1
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International Journal of Pluralism and Economics Education 1
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The empirical evidence against neoclassical utility theory: a review of the literature
Karacuka, Mehmet; Zaman, Asad - In: International Journal of Pluralism and Economics Education 3 (2012) 4, pp. 366-414
Current economics textbooks and neoclassical economists justify a theory of consumer behaviour based on utility maximisation on a priori grounds. This methodology follows Lionel Robbins' idea that economic theory is based on logical deduction from postulates which are "simple and indisputable...
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