History of macroeconomic thought
Macroeconomic theory has its origins in the study of business cycles and monetary theory. In general, early theorists believed monetary factors could not have an impact on real factors such as real ou...
History of macroeconomic thought - Wikipedia
Neo-Keynesian Economics
Neo-Keynesian economics is a school of macroeconomic thought that was developed in the post-war period from the writings of John Maynard Keynes. A group of economists (notably John Hicks, Franco Modig...
Neo-Keynesian Economics - Wikipedia
Phillips curve
In economics, the Phillips curve is a historical inverse relationship between rates of unemployment and corresponding rates of inflation that result in an economy. Stated simply, decreased unemployme...
Phillips curve - Wikipedia
New Keynesian economics
New Keynesian economics is a school of contemporary macroeconomics that strives to provide microeconomic foundations for Keynesian economics. It developed partly as a response to criticisms of Keynesi...
Heterodox economics
Heterodox economics refers to methodologies or schools of economic thought that are considered outside of "mainstream economics", often represented by expositors as contrasting with or going beyond ne...
Marxist economics
Marxian economics or the Marxian school of economics refers to a school of economic thought tracing its foundations to the critique of classical political economy first expounded upon by Karl Marx and...
Post-Keynesian economics
Post-Keynesian economics is a school of economic thought with its origins in The General Theory of John Maynard Keynes, although its subsequent development was influenced to a large degree by Michał K...
Austrian economics
The Austrian School is a school of economic thought that is based on methodological individualism. It originated in late-19th and early-20th century Vienna with the work of Carl Menger, Eugen von Böh...
Austrian economics - Wikipedia
Economic calculation problem
The economic calculation problem is a criticism of using economic planning as a substitute for market-based allocation of the factors of production. It was first proposed by Ludwig von Mises in his 19...
Opportunity cost
In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone, in a situation in which a choice needs to be made between several mutually exclusive alternative...
Criticisms of Marxism
Criticisms of Marxism have come from various political ideologies and include ethical, economical and empirical criticisms.
Economist Thomas Sowell has written: Democratic socialists and social de...
Austrian business cycle theory
The Austrian business cycle theory (ABCT) is an economic theory developed by the Austrian School of economics about how business cycles occur. The theory views business cycles as the consequence of ex...
List of Post-Keynesian economists
Economists who describe themselves or are described as Post-Keynesian include:
Neoclassical synthesis
Neoclassical synthesis is a postwar academic movement in economics that attempts to absorb the macroeconomic thought of John Maynard Keynes into the thought of neoclassical economics. Mainstream econo...
Praxeology
Praxeology (Gr. πρᾶξις (praxis) ″action″, λόγος (logos) ″talk, speech″) is the deductive study of human action based on the notion that humans engage in purposeful behavior, as opposed to reflexive be...