Neoclassical Economists

Examples of Neoclassical Economists in the following topics:

• Fiscal Policy

  • However, economists debate the effectiveness of fiscal stimulus.
  • Neoclassical economists generally emphasize crowding out while Keynesians argue that fiscal policy can still be effective especially in a liquidity trap where, they argue, crowding out is minimal.

• The Changing Federal Role in the Economy

  • The role of the federal government in the economy has been a central debate among economists and political scientists for two centuries.
  • The role of the federal government in the economy has been a central debate among economists and political scientists for over two centuries.

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

  • Throughout the history of economic theory, several methods for approaching the topic are noteworthy enough, and different enough from one another, to be distinguished as particular 'schools of economic thought. ' While economists do not always fit into particular schools, especially in modern times, classifying economists into a particular school of thought is common.
  • Ben Bernanke, current Chairman of the Federal Reserve, is among the significant public economists today that generally accepts Friedman's analysis of the causes of the Great Depression.
  • The Marxist school of economic thought comes from the work of German economist Karl Marx.

• The Nineteenth Century

  • The beginning of the 19th century was dominated by "classical economists," a group not actually referred to by this name until Karl Marx.
  • These economists had seen the first economic and social transformation brought by the Industrial Revolution: rural depopulation, precariousness, poverty, and apparition of a working class.
  • However, these economists were divided and did not make up a unified group of thought.
  • Karl Marx (1818–1883) was, and in many ways still remains, the pre-eminent socialist economist.
  • The Vienna school was made up of Austrian economists Menger, Eugen von Böhm-Bawerk, and Friedrich von Wieser.

• Deregulation

  • Another catalyst of reform has been regulatory innovations (such as emissions trading), usually suggested by economists..
  • Austrian economist Friedrich von Hayek, along with University of Chicago economist Milton Friedman are two classic liberal economists attributed with the return of laissez-faire economics and deregulation.

• Span of Government

  • The Neoclassical style building is located in Washington, D.C., on top of Capitol Hill at the east end of the National Mall.

• The Legislative Branch

  • The Neoclassical style building is located in Washington, D.C., on top of Capitol Hill at the east end of the National Mall.

• The Effect of Low Voter Turnout

  • High voter turnout is often considered to be desirable, though among political scientists and economists specialising in public choice, the issue is still debated.

• The Impact of Court Decisions

  • Although typically there are many costs associated with these efficiency gains, many economists argue that these can be dealt with by appropriate government support through redistribution and perhaps retraining.

• Members

  • Mancur Lloyd Olson, a leading American economist, sought to understand the logical basis of interest group membership and participation.
  • Mancur Lloyd Olson, a leading American economist, sought to understand the logical basis of interest group membership and participation.