What's it: New classical economics is an evolution of the classical schools of economics and uses a neoclassical microeconomic approach to
School of Economic Thought
Austrian School of Economics: Thoughts, Criticisms, and Literatures
What's it: the Austrian school of economics emphasizes individualism, subjectivism, opportunity costs, and time preference in consumption and
Monetarist School of Thought: Ideas, Propositions, and Concepts for Policy
What's it: Monetarist school of thought is one of the mainstream macroeconomic thought. It believes that money supply is the primary determinant
Neoclassical Economics: Assumptions, Ideas
What's it: Neoclassical economics views supply and demand as the main factors that determine the economy, starting from goods, prices, to income