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Differentiate between New Classical and New Keynesian economics school of thoughts?
Wiki User
∙ 15y ago
the classical believe the economy is best left to itself whereas the keynesian argued that government intervention could improve economic performance
Wiki User
∙ 15y ago
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Deffernce between New Keynesian macroeconomics and new classical macroeconomics in the main ideas?
the main argument between the two schools of thoughts is number one on the price and wage rigidity and secondly on the market clearing idea. new Keynesian economics believe in wage and price rigidity and non clearing (disequilibrium) market models. while the classical tend to disagree with these ideas and believe in wages and price flexibility and market clearing models.
What was Mary Wollstonecraft's thoughts on economics?
She didn't think heavily about them; but she did believe it was unfair the when a women was married to a man, she became his property.
Other science related to economics?
Economics is a collection of thoughts and principles that are derived from other sciences. Economics, sociology and politics are interrelated as these sciences make an impact on the lives of people and their society.
What is the central question in economics?
deal with the problem of scarcity. Scarcity answer 2 The fundamental question in economics concerns the Transaction. At a simplistic end, a transaction is a simple exchange, with both parties equally satisfied with the outcome. This 'zero-sum' view is rather shallow. After a transaction has been completed, BOTH parties consider they are better off than before the exchange. This conflicts with the zero-sum approach. The fundamental laws in economics are the Law of Diminishing Returns, and the Law of Economies of Scale. These form the driving forces behind Production and Consumption. But it would be equally shallow to regard there being one Problem (/Solution) that outweighed all others. The 'silver bullet' approach is analogous to the 'winner takes all' - a balanced view should always be considered. Just a few thoughts.
What was Woodrow Wilson's thoughts on monopolies?
Wilson felt that monopolies were bad.
What is the similarities between classical and Keynesian school of thoughts in economics?
Keynesians say that government should interven in economic activities where as classical say not too
Main difference between classical macro-economics and neo-classical thoughts?
what is diff b/w the classical economist and keynes economist
Deffernce between New Keynesian macroeconomics and new classical macroeconomics in the main ideas?
the main argument between the two schools of thoughts is number one on the price and wage rigidity and secondly on the market clearing idea. new Keynesian economics believe in wage and price rigidity and non clearing (disequilibrium) market models. while the classical tend to disagree with these ideas and believe in wages and price flexibility and market clearing models.
When was Night Thoughts of a Classical Physicist created?
Night Thoughts of a Classical Physicist was created in 1982.
How many pages does Night Thoughts of a Classical Physicist have?
Night Thoughts of a Classical Physicist has 217 pages.
What is the ISBN of Night Thoughts of a Classical Physicist?
The ISBN of Night Thoughts of a Classical Physicist is 978-0-674-62460-3.
How can you compare sky with your thoughts?
actually sky has no limit. so we can compare our thoughts with sky that we can increase our thinking process so that we become broadminded.by this we can differentiate between the wrong & right.
Differentiate science and observation?
an observation is is looking at something, having thoughts and wondering things about it science is a study of the world
Do you put quotes around a person's thoughts in a note?
No, quotes are not typically used around a person's thoughts in a note. Instead, thoughts are often italicized or written normally without quotation marks to differentiate them from spoken dialogue.
What was Mary Wollstonecraft's thoughts on economics?
She didn't think heavily about them; but she did believe it was unfair the when a women was married to a man, she became his property.
What has the author Benjn Coulson Robinson written?
Benjn. Coulson Robinson has written: 'Stray thoughts on wealth and its sources' -- subject(s): Economics
What has the author Russell McCormmach written?
Russell McCormmach has written: 'Night thoughts of a classical physicist' -- subject(s): Fiction, History, Physics
