economic theory

Also found in: Thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.economic theory - (economics) a theory of commercial activities (such as the production and consumption of goods)
theory - a well-substantiated explanation of some aspect of the natural world; an organized system of accepted knowledge that applies in a variety of circumstances to explain a specific set of phenomena; "theories can incorporate facts and laws and tested hypotheses"; "true in fact and theory"
consumerism - the theory that an increasing consumption of goods is economically beneficial
Keynesianism - the economic theories of John Maynard Keynes who advocated government monetary and fiscal programs intended to stimulate business activity and increase employment
liberalism - an economic theory advocating free competition and a self-regulating market
Malthusian theory, Malthusianism - Malthus' theory that population increase would outpace increases in the means of subsistence
monetarism - an economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of money
economic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management
References in classic literature ?
He carried under his arm a flat, grey portfolio of black-and-white sketches, which he had sold with more or less success to publishers ever since his uncle (who was an admiral) had disinherited him for Socialism, because of a lecture which he had delivered against that economic theory.
Most of them know no more of the economic theory of Socialism than they know of Chaldee; but they no longer fear or condemn its name.
Keynes starts his magnum opus, The General Theory of Employment, Interest, and Money, with the observation that the economic theory cannot explain the long, persistent and deep unemployment that was observed following the Great Depression.
Human beings are far more generous and cooperative than the assumptions of economic theory allow for.
I try to be at the forefront of appraisal technology, but after reading Misbehaving: The Making of Behavioral Economics I feel like I have been asleep at the wheel when it comes to economic theory.
Economics versus Reality: How to Be Effective in the Real World in Spite of Economic Theory belongs in any college-level collection strong in economic theory and history, and offers an intriguing comparison between real world economics and textbook scenarios of the subject.
I would like to persuade young researchers that the current style of economic theory is one of the factors behind this stagnation.
Critique: An impressive and unique contribution to the study of global economics, "The General Theory of Eco-Social Science: The Theory and Road Map for Comprehensive Reform" is very highly recommended reading and an valuable addition to college and university library Economic Theory reference collections and supplemental studies reading lists.
Arguing that the economic theory dominating academic teaching in the last forty years has not been applicable to the economic system, the author shows how post-Keynesian economic theory can apply to the real world and address problems with current theory by legislating regulatory rules on financial markets and having central banks ready to alleviate a financial liquidity crisis if it occurs.
Among the many publications he produced at USDA is "The Nature of the Cooperative," a collection of articles he wrote that examine the economic theory underlying agricultural cooperatives.
One upshot of the subprime mortgage crisis has been renewed scholarly vigour in probing the intersections between those pillar disciplines of cultural theory--anthropology, sociology, human geography, and their ilk--and the nuts and bolts of contemporary economic theory.
Kates wishes to affirm first, that HET is "a crucial element in the education of an economist" and second that it is "a necessary component of economic theory in and of itself (viii).