Economic Theories: Classical to Modern

Economic Theories: Classical to Modern

By Carly Brian
|
July 17, 2024

Introduction

Understanding the complexities of the financial world requires a firm grasp of economic theories that have shaped our understanding of markets, government policies, and individual behavior. This blog post takes you on a journey through the evolution of economic thought, from the foundations laid by classical economists to the nuanced perspectives of modern theories, including a special focus on the burgeoning field of Behavioral Finance.

We will delve into the core principles of each school of thought, highlighting their strengths, limitations, and lasting impact on how we perceive economic phenomena. Whether you're an experienced investor, a student of economics, or simply curious about the forces driving the global economy, this exploration of economic theories will equip you with valuable insights.

Classical Economics: The Foundations of Modern Thought

The Rise of Keynesian Economics

Challenging Assumptions: The Monetarist Perspective

Behavioral Finance: Integrating Psychology and Economics