mainstream economics

(noun)

Mainstream economics is a term used to refer to widely-accepted economics as it is taught across prominent universities, and in contrast to heterodox economics.

Related Terms

Examples of mainstream economics in the following topics:

  • Fours Schools of Economic Thought: Classical, Marxian, Keynesian, and the Chicago School.

    • Mainstream modern economics can be broken down into four schools of economic thought: classical, Marxian, Keynesian, and the Chicago School.
    • Mainstream modern economics can be broken down into four schools of economic thought:
    • Classical economics, also called classical political economy, was the original form of mainstream economics in the 18th and 19th centuries.
    • Marxian economics descends directly from the work of Karl Marx and Friedrich Engels.
    • A final school of economic thought, the Chicago School of economics, is best known for its free market advocacy and monetarist ideas.

  • Labor Interest Groups

    • Labor interest groups advocate for the economic interests of workers and trade organizations.
    • Labor interest groups are a type of economic interest group.
    • Economic interest groups advocate for the economic benefit of their members and constituents.
    • There are a wide variety of types of economic interest groups, including labor groups which advocate on behalf of individual workers and trade organizations.
    • Even as traditional labor interest groups are seeing their numbers fall, there are new groups developing around new constituencies of workers who are outside of the mainstream workforce.

  • The Women's Rights Movement

    • At a time when mainstream women were making job gains in professions, the military, the media, and sports in large part because of second-wave feminist advocacy, second-wave feminism also focused on a battle against violence with proposals for marital rape laws, establishment of rape crisis and battered women's shelters, and changes in custody and divorce law.
    • The second wave of feminism in North America came as a delayed reaction against the renewed domesticity of women after World War II: the late 1940s post-war boom, which was an era characterized by an unprecedented economic growth, a baby boom, a move to family-oriented suburbs, and the ideal of companionate marriages.
    • In 1963 Betty Friedan (), influenced by Simone De Beauvoir's book "The Second Sex," wrote the bestselling book "The Feminine Mystique" in which she explicitly objected to the mainstream media image of women, stating that placing women at home limited their possibilities, and wasted talent and potential.

  • Blogs, Podcasts, and Cyberspace

    • More often, however, news blogs tend to react to material already published by the mainstream media.
    • By 2004, the role of blogs became increasingly mainstream, as political consultants, news services, and candidates began using them as tools for outreach and opinion forming.
    • It marked one of the first times in which mainstream media followed a story publicized in blogs.

  • The Middle Class

    • However, the following factors are often ascribed in modern usage to someone in the middle class: having a college education; holding professional qualifications, including academics, lawyers, engineers, and doctors; a belief in bourgeoisvalues, such as high rates of home ownership and secure jobs; a particular lifestyle; and the identification culturally with mainstream popular culture (particularly in the United States).

  • Age and Participation

    • People under the age of thirty are among the least involved in mainstream forms of participation, as younger people often lack the money and time to participate.

  • Media Bias

    • The most commonly discussed forms of bias occur when the media support or attack a particular political party, candidate, or ideology; however, other common forms of bias exist, including advertising bias, corporate bias, mainstream bias, sensationalism, and concision bias.
    • Advertising bias refers to when stories are selected or slanted to please advertisers; corporate bias refers to when stories are selected or slanted to please corporate owners of media; mainstream bias refers to a tendency to report what everyone else is reporting, and to avoid stories that will offend anyone.

  • Business and Economic Interest Groups

    • Economic interest groups advocate for the economic benefit of their members, and business interests groups are a prominent type of economic interest group.
    • Economic interest groups are one of the five broad categories of interest groups in the US.
    • These groups advocate for the economic interest and benefits of their members.
    • Economic interest groups are varied, and for any given issue there will be a large number of competing interest groups.
    • Identify the organization and purpose of business and economic interest groups

  • Economic Aid and Sanctions

    • States can give economic aid to help another country, or implement economic sanctions to try and force another country to change policies.
    • Economic sanctions are domestic penalties applied by one country or group of countries on another for a variety of reasons.
    • Economic sanctions include, but are not limited to, tariffs, trade barriers, import duties, and import or export quotas.
    • States can give economic aid to help another country's economic development.
    • Analyze criticisms of the institutions, practices and policies of economic aid

  • Professional Interest Groups

    • Professional interest groups are another type of economic interest group.
    • Economic interest groups advocate for the economic benefit of their members and constituents.
    • These groups advocate for the economic interests of their members.
    • Professional organizations also provide direct economic benefits to their members.
    • However, it is also committed to advancing the interest of physicals, including economic interests.