Neoclassical Economics: Unscientific and Unrealistic

Economic Science are doubtlessly undergoing Fundamental Changes. Not only its Basic Concepts have been subject to serious criticism but also because of its Mixture with Mathematics, has lost its identity. Although it appears that it has followed Physical science using intensive mathematics and simulations, it nevertheless, violate the thermodynamic laws. It is therefore unscientific. On the other hand, instead of probing into the real world problems and try to design appropriate models for real world, it tries to forge the real world problems into their models leaving aside the important factors not quantifiable leading to disappointing results. On this bases it is also unrealistic. In fact economic pedagogy has increasingly been distanced from real world problems and has become an amusement or a thought experiment. On the other hand relaying on simple mathematical model to explain and predict the complex human behaviors Led to disappointing results making economic models unreliable and economics an unapplied science.