Discover the concept of homo economicus, its origins, and why it's essential in economics. Explore its rational decision-making model and its limitations today.

For more than a century, neoclassical theory dominated economic thinking. Neoclassical economics is a theory based on three key assumptions: individuals have rational preferences; individuals maximize ...

This thesis critiques neoclassical economic theory. In each chapter, with the exception of the last two, I will examine a different neoclassical theory and reveal its lack of realism, and how said ...

If there's one prominent architectural style that can be observed throughout history—and throughout the world—it's neoclassical architecture. With origins in the mid-18th century, this tailored style ...

Economics is widely regarded as the queen of the social sciences. A few years ago, in his best selling book The End of History, the American political scientist Francis Fukuyama loosely estimated that ...

Explore John R. Hicks' impact on economics, including his Nobel-winning work in general equilibrium and welfare theory, and his contributions to microeconomics.

For the purposes of this article, the following theoretical epochs will be identified, described and applied to Bitcoin adoption, resistance and narratives: classical theory, neo-classical theory, ...

Roaming Europe, we admire stately Neoclassical buildings and dramatic Romantic paintings. Around 1800, Europe was in transition, reflected in two art styles. First, we visit Europe’s great cities with ...