neoclassical economics

GPTKB entity

Statements (54)
Predicate Object
gptkbp:instance_of gptkb:government_agency
gptkbp:analyzes market equilibrium
gptkbp:applies_to macroeconomics
microeconomics
gptkbp:developed_by gptkb:neoclassical_economists
gptkbp:emphasizes rational choice
gptkbp:examines consumer behavior
production theory
gptkbp:focuses_on supply and demand
gptkbp:has_impact_on firms act to maximize profit
individuals act to maximize utility
gptkbp:has_programs international trade
finance
public policy
gptkbp:has_sequel post-Keynesian economics
institutional economics
https://www.w3.org/2000/01/rdf-schema#label neoclassical economics
gptkbp:includes marginalism
gptkbp:is_associated_with Pareto efficiency
market efficiency
perfect competition
gptkbp:is_characterized_by profit maximization
rational expectations
utility maximization
equilibrium analysis
competitive markets
gptkbp:is_criticized_for gptkb:Economist
gptkb:Keynesian_economics
neglect of social factors
assumption of rationality
over-reliance on mathematical models
failure to predict financial crises
inability to address inequality
gptkbp:is_influenced_by gptkb:Alfred_Marshall
gptkb:Adam_Smith
gptkb:Leon_Walras
gptkbp:is_related_to gptkb:battle
labor economics
welfare economics
environmental economics
general equilibrium theory
gptkbp:is_used_in market analysis
policy analysis
economic modeling
gptkbp:training economics courses
gptkbp:utilizes mathematical models
gptkbp:bfsParent gptkb:Das_Kapital
gptkb:Hyman_Minsky
gptkb:Economist
gptkb:Marxist_economics
gptkb:The_Chicago_School_of_Economics
gptkb:Keynesian_economics
gptkb:Post-Keynesian_economics
gptkbp:bfsLayer 4