economic theory

Noun

Meaning

(economics) a theory of commercial activities (such as the production and consumption of goods)

Synonyms

Hypernyms

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Examples

There 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

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