Economic Theory information

economic theory and applied economics; between rational and behavioural economics; and between mainstream economics and heterodox economics. Economic...

Economic Theory is a peer-reviewed academic journal that focuses on theoretical economics, particularly social choice, general equilibrium theory, and...

contracts form the basis of economic liberalism. The early theory of economic liberalism was based on the assumption that the economic actions of individuals...

became a standard method in game theory and mathematical economics. His paper was followed by Theory of Games and Economic Behavior (1944), co-written with...

subject to consumer budget constraints. Production theory is the study of production, or the economic process of converting inputs into outputs. Production...

various macroeconomic theories and models of how aggregate demand (total spending in the economy) strongly influences economic output and inflation. In...

neoclassical theory, whilst some remain distinct fields. The term was originally introduced by Thorstein Veblen in his 1900 article "Preconceptions of Economic Science"...

Theory of Games and Economic Behavior, published in 1944 by Princeton University Press, is a book by mathematician John von Neumann and economist Oskar...

: 54  A further important dimension is that of an economy's openness, economic theory distinguishing sharply between closed economies and open economies...

An Economic Theory of Democracy is a treatise of economics written by Anthony Downs, published in 1957. The book set forth a model with precise conditions...

Rational choice theory refers to a set of guidelines that help understand economic and social behaviour. The theory originated in the eighteenth century...

that are required for, or contribute to, our well-being. In standard economic theory, one can either “regenerate” one's capital assets or consume them until...

growth theory are that technology, an important factor in economic growth, is held constant and that economies of scale are ignored. One popular theory in...

The Journal of Economic Theory is a bimonthly peer-reviewed academic journal covering the field of economic theory. Karl Shell has served as editor-in-chief...

The Sam Vimes "Boots" theory of socioeconomic unfairness, often called simply the boots theory, is an economic theory that people in poverty have to buy...

The theory of the firm consists of a number of economic theories that explain and predict the nature of the firm, company, or corporation, including its...

Rational expectations is an economic theory that seeks to infer the macroeconomic consequences of individuals' decisions based on all available knowledge...

effects intended by means of economic integration are part of the contemporary economic Theory of the Second Best: where, in theory, the best option is free...

The subjective theory of value (STV) is an economic theory for explaining how the value of goods and services are not only set but also how they can fluctuate...

pain" and further as a "quantity of feeling". Contemporary mainstream economic theory frequently defers metaphysical questions, and merely notes or assumes...

by economic variables. Methodological uses of models include investigation, theorizing, and fitting theories to the world. In general terms, economic models...

economics An applied field of economics concerned with the application of economic theory in optimizing the production and distribution of food. AK model A macroeconomic...

Endogenous growth theory holds that economic growth is primarily the result of endogenous and not external forces. Endogenous growth theory holds that investment...

consumption of goods and services. Managerial economics involves the use of economic theories and principles to make decisions regarding the allocation of scarce...

with thoughts on international trade. Ricardo’s most famous economic theory was the theory of comparative advantage as the foundation of the international...