A criticism of the logical refutation of neoclassical macroeconomics

ABSTRACT

This paper is an answer to Gilson Schwartz’s paper, published in Revista de Economia Política, vol. 9, n. 1. It shows that his intended logical refutation of the neoclassical macroeconomic theory falls due to conceptual misunderstandings. It demonstrates these misunderstandings and suggests some more reasonable ways of criticism to neoclassical macroeconomics.

KEYWORDS:
Neoclassic theory; methodology of economy