a mainstream approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand; contrast with heterodox economics
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neoclassical economics
neoclassical
The term "neoclassical" with respect to economics was coined in 1900 by the American economist Thorstein Veblen, the same person who first discussed "conspicuous consumption".
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7 years, 5 months ago
the field of social science fell under the domination of neoclassical economics
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7 years, 8 months ago