Lipu asked in Social ScienceEconomics · 1 month ago

what is the Neoclassical theory?

1 Answer

  • Oiy
    Lv 5
    1 month ago

    It's a theory of demand and supply, and the market price equilibrium. The theory has been developed from the classical theory based on utility and cost of production. In contrast to Kaynes, the saving will determine investment, and the invisible hand will solve all the problems.

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