Psychology Dictionary of ArgumentsHome
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| Neoclassical Synthesis - Psychology Dictionary of Arguments | |||
| The neoclassical synthesis is an economic theory that merges neoclassical economics with Keynesian economics. It reconciles Keynes's insights on aggregate demand's role in economic cycles with neoclassical emphasis on market equilibrium and efficiency. This synthesis underpins much of mainstream economic thought, advocating for monetary and fiscal policies to stabilize economies without abandoning market mechanisms. | |||
| Author | Item | More authors for concept | |
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| Neoclassical Synthesis | Economic Policies | Economic Policies | |
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Ed. Martin Schulz, access date 2025-03-21 | |||
