Karl Marx’s Marxian economics theory focuses on the role of labor in the development of an economy. It critiques capitalism and the theories of classical economists.

The movement from classical to neoclassical economic theory grew from the work of William Stanley Jevons, Carl Menger, and Léon Walras in the late 1800s.

Prevailing classical economic theory, which focused on economic growth and freedom based on supply-side marketplace competition and a hands-off approach, wasn't working.

Classical economics was well into its second century before leaving God behind. Was it right to do so, or is He, as Smith and Bastiat and many others seemed to believe, ...

New theory derived from classical physics predicts how economies respond to major disturbances. ScienceDaily . Retrieved June 2, 2025 from www.sciencedaily.com / releases / 2019 / 04 ...

As an economist outside the neoclassical mould, I predicted this crisis in December 2005, using a non-equilibrium model of Minsky’s Hypothesis that could generate a Depression. Such models have to ...

Economics was first published in 1948, went through 19 editions, was translated into 41 languages, and sold over 4 million copies. Through the Samuelson text, what he called the neo-classical approach ...