History of Economic Thought since 1925

History of economic thought since 1925 (JEL B2) covers economic ideas in the twentieth century and after.

Scope

It includes the Keynesian revolution, the neoclassical synthesis, monetarism, new classical economics, and recent developments.

Sub-topics

• General
• Microeconomics
• Macroeconomics
• Econometrics • Quantitative and Mathematical Studies
• Socialist • Marxist • Sraffian
• Historical • Institutional • Evolutionary • Austrian • Stockholm School
• Financial Economics
• International Trade and Finance
• Other

Core questions

• How did economic thought evolve after 1925?
• What were the major twentieth-century schools?
• How did macroeconomics develop?

Key concepts

• Keynesian revolution
• Neoclassical synthesis
• Monetarism
• New classical economics
• Behavioural turn

Frequently asked questions

What was the Keynesian revolution?

Keynes's break with classical orthodoxy that founded modern macroeconomics and active stabilization policy.