Problems with Neoclassical Economic’s Market System

In this presentation we explore the neoclassical economic model of a perfectly competitive market. We challenge the foundational assumptions of the model and question whether it is logical or whether it is designed to adhere to the internal logic of neoclassical economics. Given the conclusions reached, we briefly query whether Prout could provide an alternative system.

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Presenter

Michael Zimmerman is a long-time Proutist whose interest in P. R. Sarkar’s economic and social philosophy spurred him to pursue graduate studies in heterodox and ecological economics, in retirement.

His 35 year career in healthcare finance included representing a broad spectrum of healthcare providers with a particular interest in smaller community based health systems. He has presented nationally and internationally – including Beijing, China and Singaraja, Bali. Michael is a board member of the Prout Research Institute of Asheville, North Carolina.