Economics, Econometrics and Finance
7 years ago

Neoclassical Economics: Wealth and Scarcity Shaping Future Economic Outlook

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Palgrave Macmillan US eBooks
Abundance and Scarcity: Neoclassical Economic Thought
Ayman Reda

Paper Summary

The chapter explores how scarcity is central to neoclassical economics. It discusses how wealth and scarcity are linked in this economic theory and how this connection has influenced the field of economics. Key figures like Karl Menger, Leon Walras, and John Maynard Keynes are mentioned in the chapter.

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