At the end, very little of the fashionable critique of neoclassical economics is left standing.
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Neoclassical economics is flawed because the continual growth upon which its success depends is not sustainable, say environmental economists.
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Keynesian economics, which preceded neoclassical economics as a guiding principle in the United States for nearly 40 years, championed a vision where the public and private sectors played complementary roles in building value in the economy.
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He is among a growing group of economists who are dissatisfied with the way that the dominant neoclassical school of economics gauges well-being.
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