Font Size: a A A

New Development Of Macroeconomics: New Neoclassical Comprehensive Research

Posted on:2017-03-30Degree:MasterType:Thesis
Country:ChinaCandidate:Z TanFull Text:PDF
GTID:2209330488964191Subject:Western economics
Abstract/Summary:PDF Full Text Request
Western economics in modern history had experienced three revolutions and three integrated, every revolution will be presented with the theory of economics before different research paradigms, and each will be put before and after a comprehensive study of two different paradigms of fusion, unity into a larger framework. Form Revolution and integrated alternating reflects economic development needs to continue moving forward, but also reflects the deepening of the human mind.The first industrial revolution period, economics appeared first revolution, the revolution Adam Smith’s "Wealth of Nations" as a symbol of wealth production and analysis established for the primary purpose of classical economics paradigm, breakthrough in the past to focus only on financial management analysis of the pre-classical economics paradigm, reflected the revolutionary replacement of industrial civilization and agricultural civilization. By the end of the first industrial revolution period, consolidated first appeared in modern economics, to which John Mill "Principles of Political Economy" as a symbol of the financial management of the pre-classical economics classical economics wealth creation integrated into a unified framework, reflecting the end of the industrial revolution was social elite of human technology and civilization heritage attitudes become more inclusive.Early start the second industrial revolution, the emergence of the second revolution of modern economics, "the law of development of human exchange and human decency" and "Principles of national economy", "the essence of pure economics," and "Theory of Political Economy "and other books is seen as a sign of the second revolution, the revolution broke through the objective value theory of classical economics, who offered to psychological factors as the research object of subjective theory of value, which is the marginal utility theory. Subsequently, in the creation of the second industrial revolution at the end, to Alfred Marshall’s "Principles of Economics" as the representative of neoclassical economics, it represents the emergence of the second synthesis economics, the classical economics the objective values and subjective value theory of marginal revolution, integrates elements of the former investment theory known as the theory of neoclassical economics of supply and the marginal utility theory of the latter is regarded as demand theory of neoclassical economics, creating a balanced value theory.Third revolution and third synthesis occurred between 1930 and 1950, "Employment, Interest and Money" and "Economic Analysis" are the third revolution and third integrated logo. Third revolution will be the first time the national economy as a whole object research paradigm of classical capitalism and laissez-faire equilibrium price theory a reflection, modern capitalist system proposed state intervention. Microscopic analysis paradigm Third Comprehensive sucked neoclassical economics and Keynesian analysis paradigm of national macro-level theoretical integration, the creation of so-called "neoclassical synthesis." "Employment, Interest and Money" and "Economic Analysis" are the third revolution and third integrated logo. Third revolution will be the first time the national economy as a whole object research paradigm of classical capitalism and laissez-faire equilibrium price theory a reflection, modern capitalist system proposed state intervention. Microscopic analysis paradigm Third Comprehensive sucked neoclassical economics and Keynesian analysis paradigm of national macro-level theoretical integration, the creation of so-called "neoclassical synthesis."1960s Keynesian and neoclassical synthesis dominate the 1970s monetarism, new classical macroeconomics, real business cycle theory school gradually rise, to some extent shaken the official status of Keynesian economics, to 80 West has introduced a new era of Keynesian directly to the contention of Western economics to a new climax. In this context, the gradual birth of a new genre, the new Keynesian and new classical macroeconomics, real business cycle theory, monetarism and other important theoretical paradigm integration in a unified framework for modern and economic issues political decision-making analysis, that the "new neoclassical synthesis theory" appeared on the stage of history.This article is based on the "new neoclassical synthesis theory" creation background, main ideas and models, and discuss policy proposals, by contrast with the neo-classical synthesis of new classical macroeconomics and among its new Keynesian, determine the new comprehensive school the role of economic reality, the market for enterprise, in order to be able to more research institutions and scholars of the new neoclassical synthesis theory certain reference.
Keywords/Search Tags:Western economics, New Classical theory, New classica macroeconomics, New Neoclassical Synthesis Theory, New Keynesian
PDF Full Text Request
Related items