Curated category
Schools of economic thought
- New classical macroeconomicsNew classical macroeconomics arrived in the 1970s as a direct challenge to the economic orthodoxy that had governed Western policy for three decades.
- Keynesian economicsKeynesian economics takes its name from John Maynard Keynes, the British economist whose 1936 book, The General Theory of Employment, Interest and Money…
- Austrian school of economicsThe Austrian school of economics was born in Vienna in 1871, when Carl Menger published a book that would quietly reshape how the world thought about value…
- Planned economyA planned economy asks a deceptively simple question: what if instead of letting millions of individual transactions decide what gets made, how much, and for…
- Saltwater and freshwater economicsSaltwater and freshwater economics refers to a methodological divide that split American macroeconomics in the early 1970s.
- Feminist economicsFeminist economics begins with a provocation: the entire system we use to measure economic reality is built on a foundation it refuses to see.
- Schools of economic thoughtIn the 8th century, merchants in the Caliphate began trading with a system that some historians call Islamic capitalism.
- Political economyPolitical economy begins with a simple but unsettling question: can you really separate how a society makes money from how it governs itself?
- Ecological economicsEcological economics starts from a simple but unsettling premise: the economy does not contain nature. Nature contains the economy.
- Marxian economicsKarl Marx published the first volume of Das Kapital in 1867, marking a decisive break from classical political economy. This work emerged as a direct…
- Economic historyEconomic history is the discipline that insists you cannot understand money, markets, or growth without first asking what happened.
- Chicago school of economicsThe Chicago school of economics has awarded more Nobel Memorial Prizes in Economic Sciences than any other university in the world.
- Heterodox economicsHeterodox economics is the name given to any school of economic thought that finds itself outside the mainstream. Economist Frederic S.
- Steady-state economyThe steady-state economy is an idea that asks a question most economists spent two centuries trying to avoid: what happens when an economy simply stops…