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What are some alternative approaches to neoclassical economics?

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Alternative approaches to neoclassical economics include the Economy for the Common Good (ECG) model, which aims at sustainable transformation and expands on social market economy concepts . Another alternative is the Keynesian macroeconomics, which addresses the weaknesses of neoclassical economics in explaining economic crises and involuntary unemployment . Additionally, behavioral economics offers a perspective where human behavior is modeled as driven by economic and psychological impulses, suggesting that systematic biases in neoclassical predictions can be resolved by re-specifying utility functions to accommodate psychological factors . These alternative approaches provide different lenses through which to analyze economic phenomena and offer insights beyond the traditional neoclassical framework.

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Book Chapter•DOI Neoclassical Economics: Origins, Evolution, and Critique PEGAPCLSA86V1 exam dumps 01 Jan 2022	Heterodox alternatives to neoclassical economics include Keynesian macroeconomics, which addresses weaknesses like economic crises and involuntary unemployment, offering a contrasting approach within economic theory.
Open access•Book Alternative approaches in macroeconomics : essays in honour of John McCombie Philip Arestis, John McCombie - Show less +1 more 01 Jan 2018 1 Citations	Alternative approaches to neoclassical economics include critiques of Keynesianism, financial instability insights, sectoral investigations, urban growth studies, and questioning the top one percent's income sources.
Journal Article•DOI A Neoclassical Approach to Behavioral Economics Siddhartha Mitra 01 Jan 2019-Journal of Economics, Business and Management 3 Citations	The paper suggests incorporating psychological factors into neoclassical models to address systematic biases, indicating an alternative approach within the neoclassical framework rather than rejecting it.
Open access•Journal Article•DOI Alternative approaches for the reformulation of economics Simone Alfarano, Eva Camacho, Gabriele Tedeschi - Show less +2 more 01 Mar 2019-Journal of Economic Interaction and Coordination 2 Citations	The paper suggests alternative approaches to neoclassical economics, emphasizing the failure of mainstream economics to predict crises due to a paradigmatic limitation.
Open access•Journal Article•DOI From Neoclassical Economics to Common Good Economics Johannes Dolderer, Christian Felber, Petra Teitscheid - Show less +2 more 16 Feb 2021-Sustainability 7 Citations	The economy for the common good (ECG) is an alternative approach to neoclassical economics, focusing on sustainable transformation and expanding social market economy concepts.

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