Anti-Meritocratic Economics in the Contemporary Era: The Issues with the Neoclassical Theory

2021 ◽  
Author(s):  
Sean Alexander Maxfield

No longer does society consider the full extent of the argument and consequences or benefits of a system change. All the record-breaking economic success of the last few decades simply furthers a divide between people/organizations that have money and people/organizations that need money. However, those that can view this divide assign the capitalistic system as the culprit when in fact it is the modern mutation of capitalism that is at fault. Within modern neoclassical economies, there is no form of value-based meritocracy between people and organizations.

2021 ◽  
Author(s):  
Sean Alexander Maxfield

No longer does society consider the full extent of the argument and consequences or benefits of a system change. All the record-breaking economic success of the last few decades simply furthers a divide between people/organizations that have money and people/organizations that need money. However, those that can view this divide assign the capitalistic system as the culprit when in fact it is the modern mutation of capitalism that is at fault. Within modern neoclassical economies, there is no form of value-based meritocracy between people and organizations.


1982 ◽  
Vol 37 (8) ◽  
pp. 966-970 ◽  
Author(s):  
George H. Wolkon ◽  
Carolyn L. Peterson ◽  
Patricia Gongla

2005 ◽  
Author(s):  
J. Emshoff ◽  
E. Valentine ◽  
G. Kuperminc

2006 ◽  
pp. 75-98 ◽  
Author(s):  
T. Lawson

The author elaborates on methodological issues of current tendencies in neoclassical theory and demonstrates the necessity of an alternative model of science, which he calls "realist". According to this perspective, constant and regular conjunctions of economic life events should not be the main object of analysis. Rather, the author proposes to consider structures and mechanisms governing events in question. Instead of deductivism, which, as Lawson believes, is a fundamental feature of orthodox economics, the abductive method of economic explanation is proposed that entails investigation of major powers, on which any social phenomenon depends. Society is thereby regarded not as a closed, but rather as an open system.


1999 ◽  
Vol 29 (First Serie (1) ◽  
pp. 43-58 ◽  
Author(s):  
Ron Botham ◽  
Bob Downes

1966 ◽  
Author(s):  
NORMAN TAYLER
Keyword(s):  

2014 ◽  
Author(s):  
M Bambang Ontowiryo ◽  
Akbar Kurniawan ◽  
Lalang Jati Sardinda ◽  
Suderajat Suderajat ◽  
Jati Priyantoro ◽  
...  

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