Online Text and Notes in Economic Thought and Critiques of Economic Theories or Schools

Neva R Goodwin, Oleg I. Ananyin, Frank Ackerman and Thomas E. Weisskopf, Tufts University

Short paper setting out conceptual and methodological differences between western mainstream (neoclassical) economics and other traditions, and discussing the contrast between the increasingly abstract, technical model-based approach adopted in academic papers and the more practical applications sought by policymakers. Written in 1997 (as background to the then-new textbook Microeconomics in Context by Goodwin, Weisskopf, Ackerman and Lancaster, designed for use in Russia during the transition from central planning), but still relevant to current methodology debates.

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