Neo-classical view, Managerial Economics

The neo-classical view

The neo-classical view is that market forces are the best directors of the economy.  Positive attempts by the government it is argued inevitably make things worse.  The correct posture for fiscal policy, therefore, is simply to minimize the role of government, thus leaving the largest proportion of the economy possible to be run by the market forces.

Posted Date: 11/30/2012 4:36:03 AM | Location : United States







Related Discussions:- Neo-classical view, Assignment Help, Ask Question on Neo-classical view, Get Answer, Expert's Help, Neo-classical view Discussions

Write discussion on Neo-classical view
Your posts are moderated
Related Questions
Q. Simon satisfying behaviour model? The behavioural approach as developed in particular by Richard Cyert and James G. March of the Carnegie School, lays emphasis on explaining

Arguments for Uneven Distribution of Income and Wealth The basic economic argument to justify large income inequality was the assumption that high personal and corporate income

Pragmatic Managerial economics  Managerial economics is pragmatic. In pure micro-economic theory, analysis is performed, based on certain exceptions, which are far from reality



Measurement of Inflation The rate of inflation is measured using the Retail Price Index.  A retail Price Index aims to measure the change in the average price of a basket of g

“Managerial economics involves use of economic analysis to make business decisions involving the best use of a firm’s scarce resources” Explain the statement with suitable example.


what are the Sources of public debt

free trade promotes a mutually profitable regional division of labour greatly enhances the potential real national product ofall nations and makes possible higher standards of livi