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Confronting Neoclassical Economics

Rev Left Radio

CHAPTER

The Problematic Presumption in Neoclassical Economics

This chapter explores the assumptions and contradictions in neoclassical economics, focusing on the problematic presumption of using the individual as the core unit of analysis. It delves into the limitations of free will and rational decision-making, and discusses the role of marketing in artificially creating demand. The chapter also examines the issue of monopolies under capitalism and the conflicting perspectives on government intervention.

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