Neoclassical Economists

Neoclassical Economists

Neoclassical economics is a term variously used for approaches to economics focusing on the determination of prices, outputs, and income distributions in markets through supply and demand, often mediated through a hypothesized maximization of utility by income-constrained individuals and of profits by cost-constrained firms employing available information and factors of production, in accordance with rational choice theory. Neoclassical economics dominates microeconomics, and together with Keynesian economics forms the neoclassical synthesis which dominates mainstream economics today. Although neoclassical economics has gained widespread acceptance by contemporary economists, there have been many critiques of neoclassical economics, often incorporated into newer versions of neoclassical theory as awareness of economic criteria changes.

Read more about Neoclassical Economists:  Overview, Origins, The Marginal Revolution, Further Developments, Criticisms, See Also

Other articles related to "neoclassical, economists, economist, neoclassical economists":

Luigi Pasinetti - Theoretical Contributions - Keynes and The Cambridge Keynesians
... Pasinetti proposes to consider Keynesian economics as an alternative paradigm to Neoclassical economics, emphasizing the contributions of the Cambridge Keynesians as well as ... recognized as the heir of the Cambridge economists-, is the most suitable economist to talk about that ambience, because, as he himself acknowledges “ “I happened ... It is taken from set of lectures delivered by Pasinetti in memory of the Italian economist Federico Caffé, in October 1994 at La Sapienza University ...
Luigi Pasinetti - Theoretical Contributions - Structural Change and Economic Growth
... alternative to that proposed by the Neoclassical theory ... It was therefore natural that contributions made in isolation and apart from Neoclassical economics were either discarded or transformed, doctored to fit into the neoclassical model ... models of Harrod and Domar and the distribution theory of the post-Keynesian economists in Cambridge the whole lit and dotted with some of the theories, ideas and concerns of the classical economists ...
Economic Effects of Fiscal Policy
... Economists debate the effectiveness of fiscal stimulus ... Neoclassical economists generally emphasize crowding out while Keynesians argue that fiscal policy can still be effective especially in a liquidity trap where, they argue ... Some classical and neoclassical economists argue that crowding out completely negates any fiscal stimulus this is known as the Treasury View, which Keynesian economics rejects ...

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