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Neoclassical Economics 

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With a focus on marginalism and monetarism, this talk explains what makes neoclassical economics distinct as a way of thinking. Why it was discredited before, and why it's increasingly being discredited again.

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22 окт 2020

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Комментарии : 6   
@hgarciazzz
@hgarciazzz 6 месяцев назад
Great lecture....Thank you..... Well explained...😊
@deviousalemanni4235
@deviousalemanni4235 3 года назад
Does that mean they kind of went back to classical economics, with the invisible hand solving the issues of the market?
@TimothyKerswellPhD
@TimothyKerswellPhD 3 года назад
Great question! Yes they basically kept Adam Smith's invisible hand, and David Ricardo's comparative advantage, but dropped every other aspect of classical political economy, that's why we understand them as 'neo'classical
@lielo2000
@lielo2000 3 года назад
great lecture professor!
@TreeAndSkies
@TreeAndSkies 3 года назад
Thank you!! This was so helpful
@ShelbyTomov
@ShelbyTomov 3 года назад
Thank you so much for sharing. Cheers.