Neoclassical economics' addiction to abstract models based on assumptions of equilibrium prevent it from being able to ...

Our current economic system is based on poor science and should not be used to guide government decision-making when faced with threats to existence like climate change. That's the conclusion of a new ...

As students walk into their first ECO 100: Introduction to Microeconomics lecture at Princeton, they are unknowingly stepping into a classroom where economic theory trumps economic reality. The tenor ...

Although neoclassical economics relies on assumptions that should have been discarded long ago, it remains the mainstream orthodoxy. Three recent books, and one older one, help to show why its staying ...