the firm (was: Debunking economics)

["Alan G. Isaac" <aisaac@xxxxxxxxxxxx>]

Steve Keen wrote:

> they make a mockery of the
> neoclassical model of the firm

Steve,

Just what constitutes ``the neoclassical model'' of
the firm?  Surely we don't want to pick as a target
of modern attack something that is taught only in
History of Thought courses (to the extent one can
find those any more). So what is the target and why?
Is it the cost-curve analysis of Intermediate
Micro and its profit maximizing appendage?
Or the kind of thing that one finds in modern
graduate texts, which focuses on transactions
costs and informational asymmetries?
I think it pays to be much more specific,
especially when mounting what purports to be
a challenge to mainstream views.

Alan