Defining Neoclassical Economics: Stripping the Invisible Cloak off the Naked Emperor (Part 2)

By Akmal Zulkarnain The Second Meta-Axiom: Methodological Instrumentalism Before going deep into the discussion on this second meta-axiom, and before looking at the examples of theories from neoclassical body of thought that encapsulate this meta-axiom, we shall - to avoid confusion -  venture into its proper conceptualization. As Yanis Varoufakis and Christian Arnsperger (2006) put... Continue Reading →


Defining Neoclassical Economics: Stripping the Invisible Cloak Off the Naked Emperor (Part 1)

By Akmal Zulkarnain In recent years, there are these ever-growing calls from numerous parties – individuals, organizations, academic circles and the like – for an alternative towards the mainstream thinking in economics. With the emergence of popular websites like, writings and criticism against the prevailing methods, analysis and practices of mainstream economists and financiers... Continue Reading →

Siri Ringkas Mazhab Ekonomi: Neo-klasikal Sintesis

Oleh: Dini Nurhani Ekonomi neo-klasikal sintesis merupakan aliran ekonomi arus perdana (mainstream) yang menjadi mazhab utama bagi silibus pembelajaran di universiti (sarjana muda) mahupun di sekolah pada masa kini. Mazhab ini merupakan gabungan; Mazhab Neo-klasikal: merupakan pengubah-suaian (neo) bagi mazhab klasikal yang diasaskan oleh Adam Smith Mazhab Keynesian: Diasaskan oleh John Maynard Keynes Terdapat banyak... Continue Reading →

Economic Inequality in NOT a Natural Phenomenon

By Akmal Zulkarnain Ever since the full emergence of modern-capitalist society in the 1900s, inequality has been the subject of debate for many, including political philosophers, economists, social scientists, social activists, politicians, and policy makers alike. Though the term ‘inequality’ covers a plethora of different kinds and categories of inequality such as gender inequality, racial... Continue Reading →

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