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Homer: A Forerunner of Neoclassical Economics

Name: Homer: A Forerunner of Neoclassical Economics
Creator: Posada, Carlos Esteban
Keywords: B13 - Neoclassical through 1925 (Austrian, corruption, 05 social sciences, Stockholm School), jel:B13, tennis, cheating, B3 - History of Economic Thought: Individuals, Oaxaca decomposition, 0506 political science

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type , Research , Preprint , Report 01 Jan 2015 Colombia, Germany English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

Authors: Posada, Carlos Esteban;

doi: 10.2139/ssrn.2565408

handle: 10784/4989

Homer: A Forerunner of Neoclassical Economics

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Abstract

Homer clearly expressed the economic problem of choosing the best option among several alternatives given a certain set of restrictions. In the Odyssey he specifically wrote about the minimum cost choice. This kind of problem, as is well known, is at the heart of the neoclassical economics. We can therefore consider Homer a forerunner of this school of thought. This hypothesis contrasts with those of Trever (1916), Schumpeter (1954) and Schefold (1997).

Countries

Colombia, Germany

Related Organizations

Ludwig-Maximilians-Universität München
Germany
EAFIT University
Colombia
Bank of the Republic
Colombia

Keywords

B13 - Neoclassical through 1925 (Austrian, corruption, Stockholm School), tennis, cheating, B3 - History of Economic Thought: Individuals, Oaxaca decomposition, gender di fferences, Walrasian, Odyssey, minimum cost choice, neoclassical economics, Marshallian, sport, jel: jel:B13, jel: jel:B3

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