Search results

...ion]] is harmless, desirable or even advantageous. Similarly, inflationist economists advocate for an inflationist policy. ...''deflationist'' policy; during the [[Great Depression]], many mainstream economists argued that nominal wages should ''fall,'' as they had in 19th century econ ...

...n]] and [[Piero Sraffa]] at the [[University of Cambridge]] in England and economists such as [[Paul Samuelson]] and [[Robert Solow]] at the [[Massachusetts Inst ...ool|neo-Ricardian]]", and the Massachusetts side "[[Neoclassical economics|neoclassical]]". ...

...ic planning. The first involves adapting standard [[Neoclassical economics|neoclassical]] economic models and theories to analyze the Soviet economic system. This ...mic rationality]] underlying decision-making), the results obtained from a neoclassical analysis will distort the actual effects of STP. These other scholars proce ...

In the context of [[cardinal utility]], liberal economists postulate a '''law of diminishing marginal utility.''' This law states that ...iences can be a challenging and abstract task. To overcome this challenge, economists rely on the consent of '''revealed preferences,''' where they observe the c ...

...haviour or to [[Predictive modelling|predict]] future behaviours. Although economists are not typically interested in the specific causes of a person's preferenc ...in the economy are fixed. This assumption has always been disputed outside neoclassical economics. ...

...rnal |last1=Allan |first1=Bentley B. |date=2019 |title=Paradigm and nexus: neoclassical economics and the growth imperative in the World Bank, 1948-2000 |journal=R ...|date=2021 |volume=17 |issue=1}}</ref> In response to this, [[neoclassical economists]] argue that it provides a normative model for people to adjust and optimis ...

...cs. The young Italian student became in time one of the foremost Cambridge economists of his generation.<ref>Leijonhufvud, 2007, p. 1.</ref> |[[Axel Leijonhufvu ...an era, in the recent history of economic thought. This group of Cambridge economists had been the protagonist of one of those extraordinary and unique events in ...

...tive]] differences. An example of this can be found in the works of Soviet economists like [[Lev Gatovsky]], who sought to apply Marxist economic theory to the o ...cs.utoronto.ca/munro5/MARXECON.pdf |access-date=2007-08-23}}</ref> Marxian economists do not lean entirely upon the works of Marx and other widely known Marxists ...

[[File:Macro history economists.jpg|thumb|alt=Composite images of various people related to macroeconomic t ...a recession. He argued that this invalidated the assumptions of classical economists who thought that [[market clearing|markets always clear]], leaving no surpl ...

...sily be expressed informally. Further, the language of mathematics allows economists to make specific, [[positivism|positive]] claims about controversial or con * [[Stephen Glaister|Glaister, Stephen]] (1984). ''Mathematical Methods for Economists'', 3rd ed., Blackwell. [https://books.google.com/books?id=Ct2nrJSHxsQC&pg=P ...

...rway]], [[Singapore]] and [[China]] have partially rejected the underlying Neoclassical “financial orthodoxy” that used to characterize the ‘Washington Consensus’ ...[Franklin D. Roosevelt|Roosevelt]]ian” economic policies removed from the ‘Neoclassical’ orthodoxy of the past 30 years- notably a degree of federal stimulus spend ...

The traditional [[Neoclassical economics|neo-classical]] response to this criticism, given by [[Arthur Cec * {{citation | last = Krugman | first = Paul |author-mask=2 | title= How Did Economists Get It So Wrong? | date= September 2, 2009 | url= https://www.nytimes.com/2 ...

...|last=Hodgson |first=Geoffrey M. |date=2014-09-01 |title=What is capital? Economists and sociologists have changed its meaning: should it be changed back? |url= This conception of capital opposes a neoclassical model, now predominant, of capital as a "set of productive things," called ...

...mics Heterodox Economics?|last=Boettke |first=Peter|publisher=The Austrian Economists|access-date=2009-02-13| archive-url= https://web.archive.org/web/2009032823 ...s Learning Company |year= 2022 |page= 243 |isbn= 978-0-13-063085-8}}</ref> Economists distinguish barter from {{gli|gift economy|gift economies}} in many ways; b ...