Institutionalism, Thorstein Veblen, Neoclassical schools
School of economic thought which emerged in the 20s in the United States was sought to be based on history, sociology and social sciences in general. Thorstein Veblen highlighted by the institutionalism opposed the foundations of Classical and Neoclassical schools, with the goal of leading the economy to reality seeking inductive hypotheses, based on statistical studies on the economic operation.
State intervention in economic life form was based on policies suggested by the work of John Maynard Keynes. The General Theory of Employment, Interest and Money, 1936, proposed to solve the problem of unemployment by state intervention, discouraging hoarding for the benefit of productive expenditure, reduction of interest rates and the increase in public investment.
[...] In social terms, neoliberalism advocates the limitation of heritage and great fortunes and the establishment of equal conditions that allow competition. Currently, the term has been applied to those who defend the free play of the market, the end of state intervention, privatization of state enterprises and even essential services, economic openness and its stronger integration in the world market. Bibliography SANDRONI, Paul. Dictionary of Economics of the century. XXI. Ed.Record FUSFELD, Daniel R. The era of the Economist. Ed. Saraiva Beans, Ricardo. [...]
[...] History of Economic Thought. Ed. Atlas ROSSETTI. Introduction to Economics. 20th edition. Ed. Atlas. 2003. [...]
[...] Mathematics has now been renovated and is used by the study of matrices. Another great feature marked by that time, is that with the advanced study of mathematics wins place econometric studies, which have become increasingly important for economic planning. This study is in order, increasingly, reducing the large differences between rich and poor countries. You can also take into account the evolution of health, education, urban and regional economics, present in modern societies. Monetarism Economic School that sustains the possibility of maintaining the capitalist economic stability through monetary measures, based on market forces and to control the volume of currency and other financial market payment methods. [...]
[...] Just as the classical liberal school, the neoliberals believe that economic life is governed by an order formed from the free individual decisions and their main factor is the price mechanism. However, defend the discipline of the market economy to ensure you survive because, unlike the old liberals do not believe in spontaneous self-discipline system. So for the price mechanism exists or becomes possible, it is essential to ensure financial stability and monetary policy. Without this price movement would become addicted. [...]
[...] Institutionalism: Brief study School of economic thought which emerged in the 20s in the United States and sought to be based on history, sociology and social sciences in general. Thorstein Veblen highlighted by the institutionalism opposed the foundations of Classical and Neoclassical schools, with the goal of leading the economy to reality seeking inductive hypotheses, based on statistical studies on the economic operation. The institutionalism discusses the natural harmony of economic life, showing that the shocks of interest could pour maladjustments Introduction to the economy, Rossetti, José Paschoal. [...]
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