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Evolutionary and Institutional Analysis of Scarcity Concept in Contemporary Paradigm of the Neoclassical Economics

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  • Tchipev, D. Plamen

    (Economic Research Institute at Bulgarian Academy of Sciences (BULGARIA), Plovdiv University "Paisii Hilendarski")

Abstract

An attempt is made for critical assessment of a fundamental category of the neoclassical economics by means of the contemporary institutional and evolutionary analysis. The concept of the scarcity of the economic goods is critically analysed within evolutionary-biological, social and specific market's context. In the conclusion the analysis proposes an optional answer for its specific presence in the neoclassical economics as well as for the absence of any institutional projection in the analysis of the same theoretical doctrine.

Suggested Citation

  • Tchipev, D. Plamen, 2006. "Evolutionary and Institutional Analysis of Scarcity Concept in Contemporary Paradigm of the Neoclassical Economics," Post-Print hal-04354521, HAL.
    • Handle: RePEc:hal:journl:hal-04354521
    Note: View the original document on HAL open archive server: https://hal.science/hal-04354521
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    References listed on IDEAS

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    1. Eric Neumayer, 2000. "Scarce or Abundant? The Economics of Natural Resource Availability," Journal of Economic Surveys, Wiley Blackwell, vol. 14(3), pages 307-335, July.
    2. Ernest Raiklin & Bülent Uyar, 1996. "On the relativity of the concepts of needs, wants, scarcity and opportunity cost," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 23(7), pages 49-56, July.
    3. Howard, M C & King, J E, 2001. "Where Marx Was Right: Towards a More Secure Foundation for Heterodox Economies," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 25(6), pages 785-807, November.
    4. ., 1999. "Evolution, organizations and institutions," Chapters, in: The Economics of the Mind, chapter 13, pages 156-168, Edward Elgar Publishing.
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    Keywords

    scarcity; Neoclassical Economics;

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