Noun
(economics) a theory of commercial activities (such as the production and consumption of goods)
Source: WordNetThere is much of economic theory which is pursued for no better reason than its intellectual attraction; it is a good game. We have no reason to be ashamed of that, since the same would hold for many branches of pure mathematics. John Hicks
We look upon economic theory as a sequence of conceptual models that seek to express in simplified form different aspects of an always more complicated reality. Tjalling Koopmans
In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth. Martin Feldstein
It was not until I got my first job, at the University of Washington in Seattle, and began playing chess with Don Gordon, a brilliant young theorist, that I learned economic theory. Douglass North
For Marx, 'pure' economic theory, that is economic theory which abstracts from a specific social structure, is impossible. Ernest Mandel
The crisis triggered a fertile period of scientific ferment and revolution in economic theory. James Tobin