Category Archives: neoclassical economics

NGRAM — NEOCLASSICAL ECONOMICS VS AUSTRIAN ECONOMICS

The key event in the post-war rise of the word “neoclassical economics” seems to be Paul Simpson’s 1949 AER article, “Neoclassical Economics and Monetary Problems”, which defines neoclassical economics as: “[A] body of analysis derived from postulates concerning individual behavior … Continue reading

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