Economics, Econometrics and Finance
8 years ago

Newton's Natural Philosophy Revolutionizes Neoclassical Economics Theory of Value.

Journal of Hubei University of Economics
The Theory of Value of Neoclassical Economics under the Impact of Newton's Natural Philosophy
Liu Han-quan

Paper Summary

The theory of value in neoclassical economics is heavily influenced by Newton's natural philosophy. By comparing different economic concepts, it is clear that neoclassical economics is built upon Newton's ideas. This connection suggests that studying the theory of value in neoclassical economics can lead to new innovations in economic theory.

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