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The Critisism Of Dominant Neo-Classical Economics In The Light Of Post Aut?St?C Econom?Cs: Case Of Global Cr?S?S

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  • utku altunöz

    (Social Science)

Abstract

Dominant neo classical system is criticized for not solving the problems of current economics. In other words, it is seen the reason of current economic issues. And also it is believed that unsolved problems come with global crisis were developed by dominant classical thought. In 2000?s Post Autistic economic movement came to the scene with published declaration by pupils of Ecole Normale Superieure in France. According to declaration dominant economic thought turn into the autistic characteristic. Due to this fact, economic science is vanished by intense mathematical formulas. So that had broken of connection with real life. In this paper first, basic hypothesis of neo classical thought will be examined. Following that, solving suggestion for problematic area in the light of autistic movement will be explained. In the other words, especially in the course of time, the current economic system remains incapable to meet society?s expectations, demands, and requirements, the system and method debate has been increasing. Recently, the basic reason that led to criticism by focusing the global economic crisis has developed in the direction of the Neo-classical system. Another purpose of this study is to open discussion of last 2008 global crisis to Turkey?s assessment from the view point of Post Autistic Economics.

Suggested Citation

  • utku altunöz, 2014. "The Critisism Of Dominant Neo-Classical Economics In The Light Of Post Aut?St?C Econom?Cs: Case Of Global Cr?S?S," Proceedings of International Academic Conferences 0201045, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:0201045
    as

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    File URL: https://iises.net/proceedings/10th-international-academic-conference-vienna/table-of-content/detail?cid=2&iid=17&rid=1045
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    References listed on IDEAS

    as
    1. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    2. Weintraub, E Roy, 1999. "How Should We Write the History of Twentieth-Century Economics?," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 15(4), pages 139-152, Winter.
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    More about this item

    Keywords

    The Post Autistic Economics Movement; Neo-classical Economics; The 2008 Global Economic Crisis;
    All these keywords.

    JEL classification:

    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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