Economics, Econometrics and Finance
7 years ago

Neoclassical Economics: Impact of Scarcity on Wealth and Poverty Paradigm

Palgrave Macmillan US eBooks
Wealth and Poverty: Neoclassical Economic Thought and Its Critics
Ayman Reda

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The article discusses how scarcity plays a crucial role in neoclassical views on wealth and poverty. It looks at the ideas of economists like Karl Menger, Leon Walras, Alfred Marshall, and Lionel Robbins, as well as critics like Karl Marx, Henry George, Thorstein Veblen, and John Maynard Keynes.