In Reply to: There is more to us . . . posted by Cindy Chan on September 29, 2001 at 20:36:25:
I feel the same way. The neoclassical theory makes it seem like we're all so selfish. All we care about is our own little pleasure seeking bodies. I don't even think that describes teenagers. We can be self-centered but in a confused sort of way. That's not utility maximization. It is something more like just trying to cope. We learn how to cope by peer pressure and just by luck sometimes. I certainly don't think utility maximization describes life. If we are not like that then the theory doesn't explain anything.
: I've spent a large chunk of Mountain Day reading from the Econ textbook and to tell you the truth the more I read the more mad I got. Reading the Neoclassical theories is like chopping off a limb---it was agonizing. How can theorists measure humanity by scales. In the neoclassical theory everything is so mathematically precise and planned out but what of other factors such as each individual's experiences and circumstances. I more I begin to understand the Neoclassical point of view I more I understand the Marxian recation. Marx was reacting to this view of humanity and he deducted that the main element missing within the classical theories was class process. I tend to agree, there is more to us than supply and demand curves.
Post a Followup