NeoClassic » Neoclassical Economics

The Death of Neoclassical Economics

Neo — Thu, 22 Oct 2009 13:07:49 +0000

The fall of communism symbolized the triumph of capitalism and free market over protectionist economics. Resultantly, the world has experienced the concepts of free trade and free government pushed as the most effective means of combating and alleviating poverty, disease, and various plights suffered in greatest numbers in the least developed parts of the world. [...]

Opposing Government intervention in Economic Liberalism

Neo — Fri, 09 Oct 2009 13:05:50 +0000

Attempts to reform health care in the United States have always been met with profound skepticism by the average American. While in many European countries, public health care is viewed preferably or – at the least – less ominously, Americans view government intervention in developing health care programs as an affront to their freedoms. The [...]

Neoclassical Economics Theory

Neo — Sun, 27 Sep 2009 13:03:26 +0000

The neoclassical economics theory has proven to be durable and the most popularly taught school of modern-day economics. The theories stressed in neoclassical economic teachings fit like a custom-made glove in a world that is increasingly globalized and democratized. Neoclassical economics theory focuses on the micro and individual level of the market, rather than the [...]

Monetarism and Neoclassical Economics

Neo — Sun, 20 Sep 2009 13:01:29 +0000

“The Great Depression, like most other periods of severe unemployment,” wrote American economist Milton Friedman, “was produced by government mismanagement rather than by any inherent instability of the private economy.” Friedman’s early career was defined by his support of the Keynesian principles that embraced large-scale government intervention through spending in order to stimulate a depressive [...]