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        I would accept Lionel Robbins's economics, as set out in AN ESSAY 
ON THE NATURE AND SIGNIFICANCE OF ECONOMIC SCIENCE, as Neoclassical 
Economics.  But, of course, the term was coined by Veblen, and Veblen was 
referring to the "marginalists" of the late nineteenth century, who were 
refining the discipline in response to attacks by the Historical School 
of Economics. 
 
        Neoclassical Economics: Value in exchange, and methodological 
individualism. 
 
        Since Robbins the discipline has been put to service in 
approaching special topics, and bolstering special policy positions.  This 
has added material to Neoclassical Economics.  The discipline, itself, has 
not progressed.  It has been mathematized, and used in emperical tests; 
sometimes by practictioners who are not fastideous about fine points in 
theory; but the discipline, itself, has not progressed. 
 
Robin Neill. 
 
 
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