Subjectivism and Objectivism in the History of Economic Thought

Today's world no longer supports a happy combination of subjectivism and objectivism any more. Following deep-seated questions can be posed against neoclassical economics: Are economic agents rational? If yes, to which extent? Is the choice set known to economic agents? Even if it is given at a given time, it changes sometimes quite rapidly form time to time. Confronted with these questions, we should now reconsider the relationship between subjectivism and objectivism from a new point of view. The book attempts to investigate the following: the position of subjectivism in the economic theories in the past, and its relationship or rather confrontation with objective point of view in economics. The lineup includes the three stars of the Marginal Revolution, figures of the Austrian School of Economics, one of the important origins of heterodox economics different from the mainstream neoclassicism, as well as Piero Sraffa, another source of heterodox economists.