How Mainstream Economics Works

Basil Oberholzer ()
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Basil Oberholzer: University of Bern

Chapter Chapter 3 in Fighting Global Poverty, 2022, pp 13-15 from Springer

Abstract: Abstract This chapter explains the basic assumptions of neoclassical economics. The theory of the general equilibrium, based on the maximization of utility and profit by market agents, assigns monetary policy and government intervention in markets only a very small role.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-658-36631-5_3

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DOI: 10.1007/978-3-658-36631-5_3

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