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Criticisms of neoclassical economics : ウィキペディア英語版 | Criticisms of neoclassical economics Neo-classical economics has come under critique on the basis of its core ideologies, assumptions, and other matters. ==Normative bias== Neoclassical economics is sometimes criticized for having a normative bias. In this view, it does not focus on explaining actual economies but instead on describing a "utopia" in which Pareto optimality applies. In the opinion of some developers of an alternative approach, the purpose of neoclassical economics is "to demonstrate the social optimality if the real world were to resemble the model", not "to explain the real world as observed empirically".〔Alfred S. Eichner and J. A. Kregel (1975) "An Essay on Post-Keynesian Theory: A New Paradigm in Economics", ''Journal of Economic Literature'', V. 13, N. 4 (Dec.): pp. 1293-1314.〕
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