Abstract
This paper reveals and analyzes the methodological commitments of two economics-based paradigms, which are used as background theories within production economics. We do not offer any standard survey but a critical methodological review which makes an attempt to show that neoclassical and evolutionary approaches can be viewed as supplementary, not as rival candidates. Both approaches are suitable for some specific decision-making situations. We emphasize that the basic differences can be traced back to cognitive and technological assumptions used. Hence, the use of each approach should be evaluated in light of these criteria. All the results obtained are based on a recent methodological device called the methodology of isolation.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
