Neoclassical economics
Neoclassical economics refers to a general approach (a "metatheory") to economics based on supply and demand which depends on individuals (or any economic agent) operating rationally, each seeking to maximize their individual utility or profit by making choices based on available information. Mainstream economics is largely neoclassical in its assumptions. There have been many critiques of neoclassical economics, both from within orthodox economics, and from outside of it, and often these critiques have been incorporated into new versions of neoclassical theory.
External links
- Neoclassical economics from the Concise Library of Economics
- Introduction to neoclassical economics at Drexel
~ Table of Content ~
| ► | Introduction |
| ► | Overview |
| ► | Origins of neoclassical economics |
| ► | Further developments |
| ► | Criticisms of neoclassical economics |
| ► | See also |
| ► | External links |
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