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What are the differences between neoclassical school and classical school?

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2009-03-28 09:09:48
2009-03-28 09:09:48

== == == == the difference betwen Neo-classical and classical school is that:

1-CLASSICAL SCHOOL:-It is related to wealth and introduced by Adam Smith an economist of classical school.

2-NEO-CLASSICAL:-It is related to human welfare. Marshall, an economist, described that "Economics is a science of human welfare" and we call it the neo-classical view that is known as neo-classical school

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