What's it? New Classical economics is an evolution of the classical schools of economics. It uses a neoclassical microeconomic approach to explain macroeconomic phenomena. It emphasizes the maximization of utility and the rational expectations of
School of Economic Thought
Austrian Economics: Unveiling the Market Through Individual Choices
Austrian economics offers a unique perspective on how markets function, emphasizing the role of individual choices and preferences. Unlike some economic schools that rely heavily on data and statistical analysis, Austrian economics utilizes logic and
Monetarism Explained: Controlling Inflation Through Money Supply [+Core Principles]
Monetarism is a powerful economic theory that argues controlling the money supply is the primary tool to influence economic activity and combat inflation. Economists and investors use this theory to understand how changes in the amount of money
Neoclassical Economics: Key Ideas, Assumptions, Models, Limitations
Neoclassical economics is a powerful theory that shapes our understanding of how markets function. At its core lies the dynamic interplay between supply and demand. This theory explains how these forces determine the prices of goods and services, how