The Unchanging Soul of Neoclassical Economics. Lakatosian Perspective on Becker’s Economic Approach

Abstract

The article aims to show that the paradigm in economics will not change significantly despite descriptive criticism because of axiomatic assumptions. To demonstrate this I analyze Becker’s economic approach using Lakatos’ methodology of scientific research programmes. I indicate the hard core (instrumental rationality, utility maximization, equilibrium), as well as the protective belt that makes the hard core immune from descriptive criticism. Because of its tautological nature, Becker’s approach is considered a degenerative programme. This conclusion is extended to neoclassical economics where the tautologicality of rationality and utility leads to various problems. Ultimately, the immunization strategy hinders paradigm change in economics.

JEL: B10, B20, B40