Neoclassical Schools (1871-today)/Related Articles
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- Adam Smith [r]: Scottish moral philosopher and political economist (1723-1790), a major contributor to the modern perception of free market economics; author of Wealth of Nations (1776). [e]
- Econophysics [r]: A research field, applying theories and methods originally developed by physicists in order to solve problems in economics, usually those including uncertainty or stochastic processes and nonlinear dynamics. [e]
- Keynesianism [r]: Economic theorists who have developed the theory originated by John Maynard Keynes which advocates the use of fiscal policy to maintain economic stability. [e]
- Marginalist Revolution [r]: The establishment of a Neoclassical approach to economic theory, commonly ascribed to 1871-74, when the concept of 'diminishing marginal utility' was introduced to pin down the character of demand. [e]
- Paul Samuelson [r]: Winner of the 1970 Nobel Prize in Economics for his work in the development of economic theory. [e]
- Vilfredo Pareto [r]: (1848-1923) An Italian sociologist and economist known for his analysis of elites and his statistical studies of inequality. [e]