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The Death of Neoclassical Economics

2000/06/01 by David Colander · 4 citations
Economics, Econometrics and Finance · #Economic Theory and Institutions #Economics #Content (measure theory) #Neoclassical economics #Term (time) #Positive economics #Physics

paper · pdf · doi:10.1080/10427710050025330

openalex publication_date 2000/06/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/05/21

Abstract

The term “neoclassical economics” was born in 1900; in this paper I am proposing economist-assisted terminasia; by the powers vested in me as president of the History of Economics Society, I hereby declare the term neoclassical economics dead. Let me be clear about what I am sentencing to death—it is not the content of neoclassical economics. As I will discuss below, it is difficult to determine what that content is, and even if I wanted to kill the content, I have no role in determining content. The role of historians of thought is to record, not determine, content. What I am declaring dead is the term.

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