Economics Dictionary of ArgumentsHome
| |||
|
| |||
| Neoclassical Synthesis - Economics Dictionary of Arguments | |||
| Neoclassical Synthesis: The Neoclassical Synthesis is an economic framework combining Keynesian macroeconomic theory with neoclassical microeconomic principles. It integrates Keynesian emphasis on government intervention in economic downturns to stabilize demand with neoclassical ideas on long-run growth, emphasizing market mechanisms and rational individual behavior. This synthesis aims to reconcile short-term Keynesian policies with long-term neoclassical principles. See also Keynesianism._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Samuelson, Paul A. | Neoclassical Synthesis | Samuelson, Paul A. | |
|
Ed. Martin Schulz, access date 2024-04-20 | |||
