Modern mainstream economics

GPTKB entity

Statements (50)
Predicate Object
gptkbp:instanceOf gptkb:academic
gptkbp:alsoKnownAs neoclassical economics
gptkbp:contrastsWith heterodox economics
gptkbp:criticizedFor ignoring inequality
overreliance on mathematical models
assumption of rational agents
ignoring environmental concerns
limited treatment of institutions
gptkbp:dominantSince 20th century
gptkbp:focusesOn rational choice theory
market equilibrium
utility maximization
profit maximization
gptkbp:hasConcept gptkb:invisible_hand
comparative advantage
supply and demand
rational expectations
marginalism
opportunity cost
general equilibrium
market efficiency
https://www.w3.org/2000/01/rdf-schema#label Modern mainstream economics
gptkbp:includes macroeconomics
microeconomics
gptkbp:influenced gptkb:public_policy
regulatory policy
central banking
international trade policy
gptkbp:influencedBy gptkb:Adam_Smith
gptkb:Alfred_Marshall
gptkb:John_Maynard_Keynes
gptkb:Milton_Friedman
gptkb:Paul_Samuelson
gptkb:William_Stanley_Jevons
gptkb:Vilfredo_Pareto
gptkb:Leon_Walras
gptkbp:relatedTo gptkb:Keynesian_economics
gptkb:post-Keynesian_economics
behavioral economics
game theory
institutional economics
welfare economics
Austrian economics
monetarism
Marxian economics
gptkbp:taughtAt universities worldwide
gptkbp:uses statistical analysis
mathematical modeling
gptkbp:bfsParent gptkb:Neoclassical_Economics
gptkbp:bfsLayer 8