right, the criticism of neolibralism is that it doesn't acknowledge the problematic simplicity of the models they apply. Things aren't as simply as supply and d

right, the criticism of neolibralism is that it doesn't acknowledge the problematic simplicity of the models they apply. Things aren't as simply as supply and demand in labor markets for instance, The socially constructed notion of productivity and negotiating power aren't included in econ 101 models of labor markets, leading to misguided arguments against minimum wages. No model is perfect isn't a good argument for misapplying conceptual models to real world situations.