The Neoclassical economics: a Lakatosian analysis. Fom full minstream until its implosion

Vol. 35 No. 4 (2015)

Oct-Dec / 2015
Published October 1, 2015
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Herscovici, Alain. 2015. “The Neoclassical Economics: A Lakatosian Analysis. Fom Full Minstream until Its Implosion”. Brazilian Journal of Political Economy 35 (4):780-98. https://doi.org/10.1590/0101-31572015v35n04a06.

The Neoclassical economics: a Lakatosian analysis. Fom full minstream until its implosion

Alain Herscovici
Professor Titular, Programa de Pós-Graduação/Departamento de Economia da Universidade Federal do Espírito Santo.
Brazilian Journal of Political Economy, Vol. 35 No. 4 (2015), Oct-Dec / 2015, Pages 780-798

Abstract

This paper aims to define, from a Lakatosian approach, the neoclassical scientific research program (SRP). For such purpose, I will compare this SRP with the ones of the new institutional economics (Coase and Williamson) and the New Information Economics (Akerlof, Grossman e Stiglitz) and, by using the notion of implosion, I will highlight its limits. After discussing Lakatos’ method and drawing upon his approach to define the Neoclassical SRP, the paper defines and explain the Neoclassical SRP implosion.

JEL Classification: B41; B2.


Keywords: economic epistemology Neoclassical Economics demarcation criterion