Social Sciences
8 years ago

Neoclassical Firm Theory Exposes Ideological Biases, Reshapes Economic Landscape

Journal of Economic Issues
Ideological and Scientific Functions of the Neoclassical Theory of the Firm
William M. Dugger

Paper Summary

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The neoclassical theory of the firm serves both ideological and scientific purposes. Researchers in economics have explored how this theory influences our understanding of businesses. They found that the neoclassical theory shapes our views on firms' behavior and decision-making processes.