Cournot influenced neoclassical economics deeply on two significant issues. First, on the issue of the price taking concept and horizontal demand curve for the firm, by the misinterpretation of his price stability condition by the neo-classical theorists. And second, on the issue of the number...

During the second half of the twentieth-century economic theory moved increasingly away from price theory, which was gradually displaced by more modern trends such as game theory, behavioral-empirical-experimental economics, neuroeconomics, heterodox economics, etc. This was due to serious...

This paper completes my previous paper "A Revision of the Theory of Perfect Competition and of Value" with a more global analysis of the mathematical mistakes of the neoclassical theory. During the second half of the twentieth century Microeconomic theory moved increasingly away from price...

My research so far, which reveals fundamental mistakes of the conventional (neoclassical) economic theory, is based mainly on the (wrong) perception of this theory for the price taking and the horizontal demand curve for the firm, using instead the correct individual demand curve for the firm,...

This paper looks at the contribution made by pre-1870 writers in economics (proto-neoclassicals) to what would later become known as the neoclassical theory of the firm. In particular we briefly consider the work of Dionysius Lardner, Johann von Thünen, John Stuart Mill, Charles Ellet, Jr. and...

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...

This paper proves that the neoclassical theory of the firm contains some inconsistent mathematics. Since economics, as claimed by economists, is a science, such inconsistency is intolerable. Hint to resolve the inconsistency problem is suggested