Psychology Dictionary of ArgumentsHome
| |||
|
| |||
| Neoclassical Synthesis: The Neoclassical Synthesis is an economic framework combining Keynesian macroeconomic theory with neoclassical microeconomic principles. It integrates Keynesian emphasis on government intervention in economic downturns to stabilize demand with neoclassical ideas on long-run growth, emphasizing market mechanisms and rational individual behavior. This synthesis aims to reconcile short-term Keynesian policies with long-term neoclassical principles. See also Keynesianism._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Concept | Summary/Quotes | Sources |
|---|---|---|---|
|
Paul A. Samuelson on Neoclassical Synthesis - Dictionary of Arguments
Mause I 101f Neoclassical Synthesis/Samuelson: in the western world after the end of the Second World War, there was broad agreement that the market economy needed political embedding and that the nation states should be given sufficient scope to pursue their own (anti-cyclical) economic policies. Components: (1) growing state social services, (2) a broad public sector, (3) full employment as a priority of state policy, employee participation within companies and (5) corporatist coordination of trade unions and employers' associations. Post-war Economy/Samuelson: the "Neoclassical Synthesis" (1) founded by Samuelson forms the background for welfare capitalism (1945-1973 ((s) oil price shock 1973), which was later described by some authors (2) as the "Golden Age". Samuelson: tried to reconcile the ideas of John Maynard Keynes with the conventional idea of an equilibrium of neoclassicism. ">"Mixed Economy". >Neoclassics, >J.M. Keynes, >Keynesianism, >Equilibrium, >Equilibrium theory. 1. Paul A. Samuelson, Foundations of economic analysis. Cambridge 1948. 2. A. Giddens, Europe in the global age, Cambridge 2007._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconSamu I Paul A. Samuelson The foundations of economic analysis Cambridge 1947 Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
||
> Counter arguments against Samuelson
> Counter arguments in relation to Neoclassical Synthesis
