2012•Journal of Hubei University of EconomicsRequires access

The Theory of Value of Neoclassical Economics under the Impact of Newton's Natural Philosophy

Liu Han-quan

Abstract

As the theory of value of neoclassical economics serves as the foundation of mainstream economics,its study plays an important role in the innovation of theoretical economics.Neoclassical economics is known for its tight logic and strong explanatory power.By comparing eight pairs of notions in economics this article draws the conclusion that neoclassical economics is based on Newton's natural philosophy and that the study of the theory of value of neoclassical economics may promote basic theoretical innovation in economics.

About this research paper

What this paper is about

Why it matters

A significance statement is not available in the OpenAlex record.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

Key concepts: Mainstream economics, Economics, Heterodox economics, Neoclassical economics, Applied economics, Philosophy and economics, Value theory, Economic methodology