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Critique of Tony Lawson on Neoclassical Economics

Onion Eater

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Critique of Tony Lawson on Neoclassical Economics

I review Tony Lawson’s paper, "What is this ‘school’ called neoclassicaleconomics?" Varoufakis and Arnsperger also wrote a paper asking, “What is Neoclassical Economics?” I review it here. They define neoclassical as methodological individualism, instrumentalism and equilibriation, which Lawson explicitly rejects, writing, “the core feature of neoclassical economics is adherence not to any particular substantive features but to deductivism itself in a situation where the general open-processual nature of social reality is widely recognised at some level.”
 
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