======================= HES POSTING ================= 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. ============ FOOTER TO HES POSTING ============ For information, send the message "info HES" to [log in to unmask]