Economist Ha-Joon Chang explains why the school of Neoclassical economics that rose in the 19th/early 20th century – now today’s dominant school of economics – decided they wanted to be scientists.

Explore whether economics can be considered a science, analyzing its classification, testability, and consensus within social science debates.

Steve Keen is a fellow contributor here at Forbes so this isn't a declaration of all out jihad upon his ideas. Rather, it's to show that one of his contentions about economics and the economy might ...

As part of our Marketplace Economic Pulse series, we examine the economy from a range of perspectives. Today, we hear from Clara Mattei, a professor of economics at the University of Tulsa In Oklahoma ...

For more than a century, neoclassical theory dominated economic thinking. Neoclassical economics is a theory based on three key assumptions: individuals have rational preferences; individuals maximize ...

There is now a widespread consensus that mainstream/neoclassical economists failed miserably to either predict the coming of the 2008 financial implosion, or provide a reasonable explanation when it ...

Like many students in the Economics Department at The New School for Social Research, Ebba Boye and Ingrid Kvangraven want to widen the lens through which we examine economies. Their approach to ...

Steve Keen's latest book is succinct and wide-ranging. This book provides a clear direction for economics. Meaningful macroeconomic models must be based on reality. Equilibrium for modeling nonlinear, ...

Although neoclassical economics relies on assumptions that should have been discarded long ago, it remains the mainstream orthodoxy. Three recent books, and one older one, help to show why its staying ...