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    Various subschools of neoclassical economics are amalgamated by the ideas of marginalist revolution, individual choice and subjective evaluations, and coordinating features of market processes.
      Neoclassical economics is a loose amalgam of subschools of thought, each revolving around such acknowledged masters as Alfred Marshall in England, Leon Walras in France, and Carl Menger in Austria.
      Neoclassical economics reduced many broad categories of market phenomena to considerations of individual choice and suggested that the science of economics could be firmly grounded on the basic individual act.
      The Cambridge school organized by Alfred Marshall isa variant of neoclassical economics that stressed continuity with the past achievements of the classical school.

 

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, 19 , , , (Neoclassical economics began with the so-called marginalist revolution in value theory that emerged toward the end of the nineteenth century neoclassical economics is not a school of thought but more a loose amalgam of subschools of thought, each revolving around such acknowledged masters as Alfred Marshall in England, Leon Walras in France, and Carl Menger in Austria 2). , (What these subschools have in common is the importance they attach to explaining the coordinating features of market processes in terms of plans and subjective evaluations carried out by individuals 4).
, Various subschools of neoclassical economics are amalgamated by the ideas of marginalist revolution, individual choice and subjective evaluations, and coordinating features of market processes ( , , ).

 


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