The Autism of Economists (tags)
Analogous to a mechanical system, neoclassicists understood the economy as a perpetual cycle of production and consumption kept in balance by the price mechanism.
Criticism of Economists (tags)
Economists with their models could predict the values of economic variables but did not foresee the greatest worldwide economic crisis in 80 years. Mechanical-deterministic neoclassicism is a self-contained theoretical model offering simple answers.