The invisible hand metaphor dates to the 18th century but only gained prominence after neoclassical analysis came to dominate economic thinking late 19th century. Neoclassical economists rigorously established the assumptions necessary for an economy to operate in accordance with the metaphor,...

The ideas and concepts of Pierre Bourdieu provide insight into why the culture of economics led to the failure of economists to foresee financial instability and the Great Recession. The culture of the field of economics consists of a subjective habitus that includes smooth neoclassical...

The Solow model concludes that long-run growth depends on technological progress, which is taken by neoclassical economists as suggesting there are no limits to growth because humanity's capacity to think and expand knowledge is unlimited. This paper develops a two-sector Solow model consisting...