Current issue

No. 3 / 2026 — Autumn

Peer-reviewed articles in economics, finance, public policy, and sustainable development.

0 Articles
Open access

Theoretical and Applied Economics
No. 11 / 2007 (516)

The neoclassic nothing

„With the correct manual in their bag, the «market Bolsheviks» will be able to fly to post-socialist countries and use the pacifist version of Lenin's methods to achieve the reverse transition.”

Joseph E. Stiglitz

Classical Economics bears a hard to solve problem: time. In fact, time is a caeteris paribus condition for the conceptual system of what we call classical economy. Meaning the theoretical fundaments of Political Economics laid by Adam Smith in the context of the Enlightment's rational breakthroughs.

Contents