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Anti-Meritocratic Economics in the Contemporary Era: The Issues with the Neoclassical Theory

Maxfield, Sean (2021): Anti-Meritocratic Economics in the Contemporary Era: The Issues with the Neoclassical Theory.

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Abstract

No longer does society consider the full extent of the argument and consequences or benefits of a system change. All the record-breaking economic success of the last few decades simply furthers a divide between people/organizations that have money and people/organizations that need money. However, those that can view this divide assign the capitalistic system as the culprit when in fact it is the modern mutation of capitalism that is at fault. Within modern neoclassical economies, there is no form of value-based meritocracy between people and organizations.

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