Explain how economics is transformed by withdrawing attention from the relation of the objective world to subjective experience, and focusing instead purely on the subjective.

Explain how economics is transformed by withdrawing attention from the relation of the objective world to subjective experience, and focusing instead purely on the subjective. Explain the significance of this with particular reference to its development in neoclassical economics. That is, how is economics transformed by withdrawing attention from the relation of the objective world to subjective experience, and focusing instead purely on the subjective. (Be sure to take account of the centrality of Bentham’s key term, utility, in neoclassical economics.)

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