The Principles of Economics: Some Lies My Teacher Told Me

This book develops effective critiques of neoclassical economics and focuses on the importance of criticism as a tool for enhancing understanding. Lawrence Boland examines the foundations of neoclassical theory, beginning with what Alfred Marshall called the ``Principles of Economics.'' He highlights the problems of effective model building while avoiding the frequently criticized assumption of maximizing behavior. The book contributes to making neoclassical economics more realistic with an honest, constructive critique of its principles.