Mainstream economics is a term used to refer to widely-accepted economics as taught across prominent universities, and in contrast to heterodox economics. It has been associated with neoclassical economics and with the neoclassical synthesis, which combines neoclassical methods and Keynesian approach macroeconomics.
Read more about Mainstream Economics: In The U.S., History, Scope, Criticisms
Famous quotes containing the words mainstream and/or economics:
“At times it seems that the media have become the mainstream culture in childrens lives. Parents have become the alternative. Americans once expected parents to raise their children in accordance with the dominant cultural messages. Today they are expected to raise their children in opposition to it.”
—Ellen Goodman (20th century)
“Womens battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.”
—Paula Nelson (b. 1945)