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Describe Veblen's critiques of Neoclassical economics. When Veblen said accused economics of being teleological what did he mean? In class, Professor said that one way
Describe Veblen's critiques of Neoclassical economics. When Veblen said accused economics of being "teleological" what did he mean? In class, Professor said that one way of characterizing Veblen's critique of neoclassical economics was that it was trying to emulate the "wrong" physical science. What did Professor mean by this? What physical science should economics be emulating, and why?
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