Chapter

The Construction of Neoclassical Orthodoxy

Ernesto Screpanti and Stefano Zamagni

in An Outline of the History of Economic Thought

Second edition

Published in print May 2005 | ISBN: 9780199279142
Published online October 2005 | e-ISBN: 9780191602887 | DOI: http://dx.doi.org/10.1093/0199279144.003.0007
The Construction of Neoclassical Orthodoxy

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Traces the rapid diffusion of the neoclassical paradigm in Europe and the USA. In particular, considers the birth of the 'national schools' during la belle époque: the Marshallian School in England; the Swedish; the Austrian; the American; the Italian—each characterized by some peculiar elements of specificity.

Keywords: Edgeworth box; non-truism; normal price; partial equilibrium; Pareto principle; quantity theory of money; short and long run; welfare economics; Wicksell effects

Chapter.  17062 words.  Illustrated.

Subjects: History of Economic Thought

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