ABSTRACT

Chapter 5 ended Part I with the argument that the subjective conception of the individual in neoclassical economics was followed by the cognitive science abstract individual conception in early mainstream economics, which was in turn followed by a loose collection of ad hoc ideas about individuals in subsequent mainstream game theory, bounded rationality, experimental economics, behavioral economics, evolutionary economics, new institutional economics, and other recent strategies. My general argument was that the way in which the problematic character of the subjective conception of the individual was addressed in neoclassical economics-that is, by eliminating subjectivism-produced in early mainstream economics the abstract individual conception, and that the latter, itself highly problematic as a cognitive science account of individuals, gave rise to the multiple directions of current mainstream economics, none of which offers a theoretical or systematic view of the individual.