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General equilibrium theory and Neoclassical economics

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between General equilibrium theory and Neoclassical economics

General equilibrium theory vs. Neoclassical economics

In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium. Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.

Similarities between General equilibrium theory and Neoclassical economics

General equilibrium theory and Neoclassical economics have 18 things in common (in Unionpedia): Agent (economics), Arrow–Debreu model, Economic equilibrium, Economics, Foundations of Economic Analysis, Game theory, Intertemporal equilibrium, Keynesian economics, Léon Walras, Macroeconomics, Microeconomics, Pareto efficiency, Piero Sraffa, Schools of economic thought, Sonnenschein–Mantel–Debreu theorem, Supply and demand, The New Palgrave Dictionary of Economics, Value and Capital.

Agent (economics)

In economics, an agent is an actor and more specifically a decision maker in a model of some aspect of the economy.

Agent (economics) and General equilibrium theory · Agent (economics) and Neoclassical economics · See more »

Arrow–Debreu model

In mathematical economics, the Arrow–Debreu model suggests that under certain economic assumptions (convex preferences, perfect competition, and demand independence) there must be a set of prices such that aggregate supplies will equal aggregate demands for every commodity in the economy.

Arrow–Debreu model and General equilibrium theory · Arrow–Debreu model and Neoclassical economics · See more »

Economic equilibrium

In economics, economic equilibrium is a state where economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change.

Economic equilibrium and General equilibrium theory · Economic equilibrium and Neoclassical economics · See more »

Economics

Economics is the social science that studies the production, distribution, and consumption of goods and services.

Economics and General equilibrium theory · Economics and Neoclassical economics · See more »

Foundations of Economic Analysis

Foundations of Economic Analysis is a book by Paul A. Samuelson published in 1947 (Enlarged ed., 1983) by Harvard University Press.

Foundations of Economic Analysis and General equilibrium theory · Foundations of Economic Analysis and Neoclassical economics · See more »

Game theory

Game theory is "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers".

Game theory and General equilibrium theory · Game theory and Neoclassical economics · See more »

Intertemporal equilibrium

Intertemporal equilibrium is a notion of economic equilibrium conceived over many periods of time.

General equilibrium theory and Intertemporal equilibrium · Intertemporal equilibrium and Neoclassical economics · See more »

Keynesian economics

Keynesian economics (sometimes called Keynesianism) are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate demand (total demand in the economy).

General equilibrium theory and Keynesian economics · Keynesian economics and Neoclassical economics · See more »

Léon Walras

Marie-Esprit-Léon Walras (16 December 1834 – 5 January 1910) was a French mathematical economist and Georgist.

General equilibrium theory and Léon Walras · Léon Walras and Neoclassical economics · See more »

Macroeconomics

Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.

General equilibrium theory and Macroeconomics · Macroeconomics and Neoclassical economics · See more »

Microeconomics

Microeconomics (from Greek prefix mikro- meaning "small") is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.

General equilibrium theory and Microeconomics · Microeconomics and Neoclassical economics · See more »

Pareto efficiency

Pareto efficiency or Pareto optimality is a state of allocation of resources from which it is impossible to reallocate so as to make any one individual or preference criterion better off without making at least one individual or preference criterion worse off.

General equilibrium theory and Pareto efficiency · Neoclassical economics and Pareto efficiency · See more »

Piero Sraffa

Piero Sraffa (5 August 1898 – 3 September 1983) was an influential Italian economist, who served as lecturer of economics at the University of Cambridge.

General equilibrium theory and Piero Sraffa · Neoclassical economics and Piero Sraffa · See more »

Schools of economic thought

In the history of economic thought, a school of economic thought is a group of economic thinkers who share or shared a common perspective on the way economies work.

General equilibrium theory and Schools of economic thought · Neoclassical economics and Schools of economic thought · See more »

Sonnenschein–Mantel–Debreu theorem

The Sonnenschein–Mantel–Debreu theorem (named after Gérard Debreu,, and Hugo F. Sonnenschein) is a result in general equilibrium economics.

General equilibrium theory and Sonnenschein–Mantel–Debreu theorem · Neoclassical economics and Sonnenschein–Mantel–Debreu theorem · See more »

Supply and demand

In microeconomics, supply and demand is an economic model of price determination in a market.

General equilibrium theory and Supply and demand · Neoclassical economics and Supply and demand · See more »

The New Palgrave Dictionary of Economics

The New Palgrave Dictionary of Economics (2008), 2nd ed., is an eight-volume reference work on economics, edited by Steven N. Durlauf and Lawrence E. Blume and published by Palgrave Macmillan.

General equilibrium theory and The New Palgrave Dictionary of Economics · Neoclassical economics and The New Palgrave Dictionary of Economics · See more »

Value and Capital

Value and Capital is a book by the British economist John Richard Hicks, published in 1939.

General equilibrium theory and Value and Capital · Neoclassical economics and Value and Capital · See more »

The list above answers the following questions

General equilibrium theory and Neoclassical economics Comparison

General equilibrium theory has 106 relations, while Neoclassical economics has 102. As they have in common 18, the Jaccard index is 8.65% = 18 / (106 + 102).

References

This article shows the relationship between General equilibrium theory and Neoclassical economics. To access each article from which the information was extracted, please visit:

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