I wrote about supply and demand curves here yesterday. I said that the ideas implicit within them are total nonsense, as the claims in the
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I have added this entry to this blog’s glossary, it being a myth within neoclassical economics.  Supply and Demand Curves The image of two intersecting
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I have added this entry to this blog’s glossary, it being a myth within neoclassical economics.  Diminishing Returns and Marginalism Few ideas have done more
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I have added this entry to this blog’s glossary, it being a myth within neoclassical economics.  Perfect competition Neoclassical economics textbooks suggest that under “perfect
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I have added this entry to this blog’s glossary, it being a myth within neoclassical economics. Perfect Information A pillar of neoclassical thought is the
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A couple of weeks ago, we tried posting a couple of videos on YouTube on what we described as neoclassical myths. They were put out
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This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have been,
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Economists still cling to the fantasy of perfect competition — the idea that markets are full of small, powerless firms playing fair. But the real
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This is the first in a series of videos on the assumptions underpinning neoclassical economics, which will be followed by another series on neoliberal economics.
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