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mainstream economics
Mainstream Economics
Mainstream economics is the school of economic thought which argues that free markets and economic liberty are essential elements of economic success. It is associated with the economic system of capitalism and the ideology of classical liberalism. Mainstream economics puts ......
04/07/2023 
1036 
Avery
permanent income theory
The Theory of Sustainable Income
The Theory of Sustainable Income, also known as the 4% Safe withdrawal rate, is a financial strategy developed by retired chemical engineer William Bengen in the early 1990s. It holds that a retiree should withdraw no more than 4% of their Investment portfolios va......
The Swedish School's Theory of Macroeconomic Dynamics
INTRODUCTION
One of the most influential schools of thought in modern economics is the Swedish school of macroeconomic theory. This school of thought has its origins in the work of Swedish economists Knut Wicksell and Gustav Cassel, who were at the forefront of economic thinking in the early to m......
Keynesian Consumption Function Theory
Introduction
Keynesian consumption function is an economic theory proposed by John Maynard Keynes in 1936. It states that theory consumers spend a certain proportion of their income on consumption or buying goods and services. The Keynesian consumption function claims that the amount of consumpti......
Cournot model
Gunnarsson-Sheath model
The Gunnarsson-Sheath (GS) model is a phenomenological quantum many-body theory (QM) used to describe the emergence of collective properties in quantum dynamic systems. The model was developed by the Swedish physicist Ove Gunnarsson and his colleague Jürgen Sheath to desc......
Chicago School of Economics
The Chicago School of economics is an influential branch of economics that originated in the University of Chicago in the 1930s. It is known for its free-market approach to economic issues and its emphasis on the empirical research, which has earned it the nickname the Experimentalist School. The ......
monetarism
1. Introduction
Monetarism is a school of thought within the fields of macroeconomics, monetary economics and monetary policy that emphasizes the role of money and the role of the central banks in determining the price level and overall economic activity. It is closely related to the broader fiel......
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