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23min chapter
Confronting Neoclassical Economics
Rev Left Radio
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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