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Mainstream Economics

Mainstream Economics Definition

Mainstream Economics refers to economics taught in prominent universities. Theories of mainstream economics are considered being orthodox. It is associated with neoclassical economics and with the neoclassical synthesis, a combination of neoclassical methods and Keynesian approach economics. The basis of mainstream economics is the assumption that individuals make their decisions to maximize their own utility.

RELATED TERMS
Keynesian economic theory
RELATED CATEGORIES
Economy







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