Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 26, Problem 5RQ

Does neoclassical economics focus on the long term or the short term? Explain your answer.

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In what way is neoclassical economics different from old and new institutional economics? Which school of thought is founded on principles that are closer to reality?
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