Keywords
microeconomics
neoclassical economy
states' role in economy
conference materials
How to Cite
Abstract
The argument of this paper is that this procedure is unacceptable. It first sets out to look at the expression "neoclassical" in general, dividing it into "old" and "new" microeconomics. Secondly, the (potential) role of the state is discussed in these microeconomic areas. The conclusion with regard to old microeconomics is along the lines of J. Stiglitz, i.e. the end of communism should be taken as a refutation of neoclassical economics. While the conclusion for new microeconomics hinges on the fatal methodological fault that one is capable of modeling everything.
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