The term was originally introduced by Thorstein Veblen in his 1900 article "Preconceptions of Economic Science", in … See more

It was expressed by E. Roy Weintraub that neoclassical economics rests on three assumptions, although certain branches of neoclassical theory may have different approaches:
• People … See more

Classical economics, developed in the 18th and 19th centuries, included a value theory and distribution theory. The value of a product was thought to depend on the costs involved in producing that product. The explanatio… See more

The evolution of neoclassical economics can be divided into three phases. The first phase (= a pre-Keynesian phase) is dated between the initial forming of neoclassical economics (the second half of the nineteenth … See more

Although the neoclassical approach is dominant in economics, the field of economics includes others, such as Marxist, behavioral, Schumpeterian, developmentalist, Austrian, post-Keynesian, Humanisti… See more

• Marginalism
• Market economy
• Microeconomics
• Neoclassical synthesis
• Static equilibrium (economics)… See more

• Weintraub, E. Roy (2002). "Neoclassical Economics". In David R. Henderson (ed.). Concise Encyclopedia of Economics (1st ed.). Library of Economics and Liberty. OCLC 317650570, 50016270, 163149563
• Neoclassic… See more