In the Spring 1998 (56(1): 47-58) issue of this journal, Howard Sherman criticized the alleged methodological individualism and critique of Marxism by Geoffrey Hodgson. This reply denies that Hodgson is a methodological individualist and defends his Veblenian criticism of Marx. It is also...

With a predilection for market solutions, neoliberalism upholds that the individual is generally the best judge of his or her interests. Yet markets are never universally applied as a mechanism of allocation and there are reasons, in principle, why capitalism will always have “missing...

<title>Abstract</title> In their recent analysis of the alleged decay in modern economics, Ben Fine and Dimitris Milonakis claim to find its source and origin in the “marginal revolution” of the 1870s. They argue that this development led to “methodological individualism” and the detachment of...

<title>Abstract</title> This response shows that, in their reply to my critique of their work, Ben Fine and Dimitris Milonakis generally maintain the impression that there is a single, widely accepted definition of methodological individualism, but they do not identify it. They assert that social structures...