The General Theory of Preference, Technology and Institution (Preface)

The General Theory of Preference, Technology and Institution, Forthcoming

5 Pages Posted: 22 Dec 2017

Date Written: December 18, 2017

Abstract

The whole intellectual edifice has in effect collapsed after 2008’s world-economy crisis. Anyhow, this is yet not the first time that the intellectual edifice of economics collapses. The first was the collapse of classical economics the late decades of the 19th century. With the appearance of neoclassical economics, historical experience showed that the collapse of the intellectual edifice of economics of a time is not the demise of economics but the break of the development of economics. As the collapse last time was that the discipline of economics broke with classical economics, the collapse of the intellectual edifice this time has to be that it breaks with neoclassical economics. If it is really the case, then the real issue which comes to light for the profession of economists nowadays is that “what does the next intellectual edifice of economics look like?” This question motivates the inquiry. As a proposal propounded to the profession, this book tells of my ideas of an alternative intellectual edifice.

Keywords: The General Theory, Preference, Technology, Institution

JEL Classification: A10, B10, B22, B26, E10

Suggested Citation

Lu, Jialiu, The General Theory of Preference, Technology and Institution (Preface) (December 18, 2017). The General Theory of Preference, Technology and Institution, Forthcoming, Available at SSRN: https://ssrn.com/abstract=3090181
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