Neoclassical Schools (1871-today)/Related Articles
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- Adam Smith : 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).
- Econophysics : 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.
- Keynesianism : Economic theorists who have developed the theory originated by John Maynard Keynes which advocates the use of fiscal policy to maintain economic stability.
- Marginalist Revolution : 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.
- Paul Samuelson : Winner of the 1970 Nobel Prize in Economics for his work in the development of economic theory.
- Vilfredo Pareto : (1848-1923) An Italian sociologist and economist known for his analysis of elites and his statistical studies of inequality.