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Disproof of Neoclassical Theory

From: Dimitrios Nomidis

Sent: Wednesday, July 28, 2021 1:37 AM

Subject: The Disproof of Neoclassical Theory by Means of Its Own Means

Dear Professor,

Please permit me to make known to you my article on the Microeconomic Theory, which has been recently posted on the SSRN website:

The Disproof of Neoclassical Theory by Means of Its Own Means  http://ssrn.com/abstract=3745905

My research so far, which reveals fundamental mathematical mistakes of the conventional economic theory, is based mainly on the (wrong) conception of neoclassical theory for the price taking and the horizontal demand curve for the firm. This article, however, demonstrates these mistakes of conventional theory by using the methodology of the conventional theory itself, without getting involved in the controversial issue of the horizontal or sloping demand curve for the firm. The correction of those errors changes dramatically the conventional theory about Perfect Competition, Price Theory, Income Distribution, Social Welfare, and brings about significant socio-political implications.

I would appreciate very much, in particular, your comments and opinion on this research.

Sincerely,

Dimitrios Nomidis  Author Page for Dimitrios Nomidis :: SSRN

From: Walter Block <[email protected]>

Sent: Wednesday, July 28, 2021 1:52 PM

To: ‘Dimitrios Nomidis’

Subject: RE: The Disproof of Neoclassical Theory by Means of Its Own Means

Dear Dimitrios:

Please send me your entire paper and I’ll take a peek at it. What you sent me gives me only the abstract.

I’ve written on similar topics; these may interest you:

Block, Walter E. 1995. “Professor Modigliani on price controls: the baleful influence of the perfectly competitive model,” International Journal of Social Economics, Vol. 22, No. 5, pp. 27-30; http://www.mises.org/etexts/Modig.pdfhttp://141.164.133.3/faculty/Block/Blockarticles/modigliani.htm;

Barnett, William II, Walter E. Block and Michael Saliba. 2005. “Perfect Competition: A Case of ‘Market-Failure,’” Corporate Ownership & Control. Vol. 2, No. 4, summer, pp. 70-75; http://www.academia.edu/1355598/Perfect_Competition_A_Case_of_Market-Failure

Barnett, William II, and Walter E. Block. 2006. “Rothbard on V shaped average and total cost curves.” Quarterly Journal of Austrian Economics, Vol. 9, No. 3, Fall, pp. 61-66; http://mises.org/journals/qjae/pdf/qjae9_3_4.pdf

D42 – Monopoly:: monop::

Anderson, et al., 2001; Block, 1977, 1982, 1994, 1999A, 1999B, 2008, 2009, 2017; Block and Barnett, 2009; Barnett, Block and Saliba, 2005, 2007; Hilland and Block, 2014; Raskin and Block, 2007; Rothschild and Block, 2016; Sløk-Madsen and Block, 2018; Wysocki and Block, 2018.

Anderson, William, Walter E. Block, Thomas J. DiLorenzo, Ilana Mercer, Leon Snyman and Christopher Westley. 2001. “The Microsoft Corporation in Collision with Antitrust Law,” The Journal of Social, Political and Economic Studies, Vol. 26, No. 1, Spring, pp. 287-302; http://www.walterblock.com/publications/microsoft_antitrust.pdfhttp://www.jspes.org/spring2001_anderson.htmlhttps://www.researchgate.net/publication/228250112_The_Microsoft_Corporation_in_Collision_with_Antitrust_Law?ev=prf_pub

Block, Walter E. 1977. “Austrian Monopoly Theory — a Critique,” The Journal of Libertarian Studies: An Interdisciplinary Review, Vol. I, No. 4, fall, pp. 271-279; http://www.mises.org/journals/jls/1_4/1_4_1.pdf

Block, Walter E. 11/14/81. “Abiding flaws in competition proposals,” The Financial Post.

Block, Walter E. 1982. A Response to the Framework Document for Amending the Combines Investigation Act, Vancouver: The Fraser Institute. (60 pages) isbn: 0-88975-051-3; First Part: https://www.scribd.com/doc/252440414/A-Response-to-the-Framework-Document-1-29; Second Part: https://www.scribd.com/doc/252440427/A-Response-to-the-Framework-Document-30-60

Block, Walter E. ed. 1986. Reaction: The New Combines Investigation Act, Vancouver: The Fraser Institute; http://www.fraserinstitute.org/researchandpublications/publications/7083.aspx

Block, Walter E. 1994. “Total Repeal of Anti-trust Legislation: A Critique of Bork, Brozen and Posner, Review of Austrian Economics, Vol. 8, No. 1, pp. 35-70. http://www.mises.org/journals/rae/pdf/rae8_1_3.pdf

http://www.mises.org/journals/rae/pdf/r81_3.pdf

Block, Walter E. 1999A. “Naked Exclusion,” Humanomics. Vol. 15, No. 4, pp. 141-148; http://www.emeraldinsight.com/journals.htm?articleid=1672581; 10.1108/eb018843;

Block, Walter E. 1999B. “Optimal Export Policy for a New Product Monopoly: Comment on Bagwell,” Cross Cultural Management, Vol. 6, No. 2, pp. 29-32; http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1881051

Block, Walter E. 2008. “Market monopoly is apodictically impossible” Corporate Ownership & Control. Vol. 5, Issue 3, Spring (Continued-3), pp. 385-389

Block, Walter E. 2017. “Radical Privatization: Oceans, Roads, Heavenly Bodies.” Romanian Economic and Business Review, Vol. 12, Summer, pp. 41-56; https://econpapers.repec.org/article/raujournl/v_3a12_3ay_3a2017_3ai_3a2_3ap_3a41-56.htmhttp://www.rebe.rau.ro/RePEc/rau/journl/SU17/REBE-SU17-A4.pdf

Block, Walter E. and William Barnett. 2009. “Monopsony Theory.” American Review of Political Economy June/December, Vol. 7(1/2), pp. 67-109; https://sites.bemidjistate.edu/arpejournal/wp-content/uploads/sites/2/2015/12/v7n1-2-block-barnett.pdfhttp://www.arpejournal.com/

Barnett, William II, Walter E. Block and Michael Saliba. 2005. “Perfect Competition: A Case of ‘Market-Failure,’” Corporate Ownership & Control. Vol. 2, No. 4, summer, p. 70-75; http://www.academia.edu/1355598/Perfect_Competition_A_Case_of_Market-Failure

Barnett, William II, Walter E. Block and Michael Saliba. 2007. “Predatory pricing.” Corporate Ownership & Control, Vol. 4, No. 4, Continued – 3, Summer; pp. 401-406; http://virtusinterpress.org/additional_files/journ_coc/issues/COC_(Volume_4_Issue_4_Summer_2007_Continued3).pdf 9 (pp. 397-…)

Hillman, Jordan and Walter E. Block. 2014. “Poker and Gambling: A Positive Competitive Game.” Competitiveness Review. Vol. 24, No. 5, pp. 433-443; http://www.emeraldinsight.com/doi/abs/10.1108/CR-07-2013-0065http://www.emeraldinsight.com/toc/cr/24/5http://www.emeraldinsight.com/doi/pdfplus/10.1108/CR-07-2013-0065.

Rothschild, Daniel Y. and Block, Walter E. 2016. “Don’t Steal; The Government Hates Competition: The Problem with Civil Asset Forfeiture.” The Journal of Private Enterprise, 31(1): 45-56; http://journal.apee.org/index.php/2016_Journal_of_Private_Enterprise_vol_31_no_1_parte4.pdf

Raskin, Max and Walter E. Block. 2007. “Justice Department Goes After Gates’ Foundation.” July 3; http://archive.lewrockwell.com/raskin/raskin19.html

Sløk-Madsen, Stefan K. and Walter E. Block. 2018. “Who should own the North Pole? LSU Journal of Energy Law & Resources, Vol. VI., No. 2, pp. 477-503;

https://digitalcommons.law.lsu.edu/jelr/https://digitalcommons.law.lsu.edu/jelr/vol6/iss2/9/https://digitalcommons.law.lsu.edu/jelr/vol6/iss2/9

Wysocki, Igor and Walter E. Block. 2018. “An analysis of the supply curve: does it depict homogeneity among its constituent elements? Another rejoinder to Nozick.”  Management Education Science Technology Journal (MEST). pp. 1-11;

http://www.meste.org/mest/MEST_Najava_clanaka.html;

http://mest.meste.org/MEST_Najava/XI_Wysocki.pdf; DOI 10.12709/issn.2334-7058;

Best regards,

Walter

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