Macroeconomics / Paul A. Samuelson, William D. Nordhaus - Details - TroveMainstream economics is the body of knowledge, theories, and models of economics , as taught by universities worldwide, that are generally accepted by economists as a basis for discussion. Also known as orthodox economics , it can be contrasted to heterodox economics , which encompasses various schools or approaches that are only accepted by a minority of economists. The economics profession has traditionnally been associated with neoclassical economics  and with the neoclassical synthesis , and since the midth century, has included the Keynesian approach to macroeconomics. In the United States , economists are not generally separated into schools, but two major contemporary economic schools of thought have been the " saltwater and freshwater schools ". In the early s, so-called "fresh-water economists" challenged the prevailing consensus in macroeconomics research. Key elements of their approach were that macroeconomics had to be dynamic, quantitative, and based on how individuals and institutions make decisions under uncertainty.
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Paul A Samuelson William D Nordhaus Economics Mcgraw Hill 18th
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ECONOMICS sam_netflixlogins.org i 2/25/09 PM ABOUT THE AUTHORS PAUL A. SAMUELSON, founder of the WILLIAM D. NORDHAUS is one of.
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