School of economic thought
The economic school of thought that most matches how you think the economy works. Each is described plainly and even-handedly — none is presented as the right one.
A self-identification with a school of economic thought, described neutrally; no school is presented as correct. (History of economic thought)
Groups
- Keynesian — Government spending and demand management can smooth the business cycle.
- Neoclassical — Markets and rational actors set prices through supply and demand.
- Monetarist / Chicago — Control of the money supply is the key lever; markets work best left free.
- Austrian — Stresses free markets, entrepreneurship, and scepticism of intervention.
- Marxian — Analyses capitalism through class, labour, and the distribution of capital.
- Behavioural — Uses psychology to explain how people really make economic choices.
- Post-Keynesian / MMT — Emphasises uncertainty, demand, and the role of money and the state.
- Institutional — Focuses on how institutions, rules, and norms shape the economy.
- No strong view — Doesn't identify with a particular school.
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