This paper is a continuation and completion of my article “Revisiting Cournot and Neoclassical Economics” (Nomidis 2023). It continues the search for the reasons that led Cournot and later Neoclassical theorists to consider an infinite number of minimal-size firms as a necessary condition...

This paper focuses on Keynes's understanding of individual decision-making under uncertainty and tries to address a question left mostly unexplained in the critical literature. On re-reading Keynes after the recent surge of interest induced by the financial crisis, a number of scholars have...

Italian abstract: Derivazione del surplus del consumatore e del produttore in contesto di variabili continue e discrete.English abstract: Derivation of consumer and producer surplus in the continuous and discrete case

Conventional microeconomic theory, founded and developed mainly by the neoclassical economists, contains some fundamental mistakes that lead economic theory to erroneous conclusions about how the economy operates and the results of this operation. Unfortunately, those mistakes have still...

During the second half of the twentieth-century economic theory moved increasingly away from price theory, which was gradually displaced by more modern trends such as game theory, behavioral-empirical-experimental economics, neuroeconomics, heterodox economics, etc. This was due to serious...

The mainstream theory of the firm did not exist, in any serious manner, until around 1970. It was only starting then that the current theory of the firm literature began to emerge, based largely upon the work of Ronald Coase and to a lesser degree Frank Knight. It was work by Armen Alchian,...

During the second half of the twentieth century economic theory moved increasingly away from price theory, which was gradually displaced by more modern trends such as game theory, decision theory, behavioral-empirical-experimental economics, heterodox economics, etc. This was due to serious...

Italian Abstract: Dopo aver definito la differenziazione verticale come una caratterizzazione oggettiva della qualità che da luogo ad una indiscutibile utilità o produttività marginale crescente nella qualità, utilizzando il modello classico di Shaked e Sutton vengono determinati prezzi e...