economic theory

DEFINITIONS OF: economic theory

Types:: show 5 types...; hide 5 types...; consumerism
the theory that an increasing consumption of goods is economically beneficial; Keynesianism
the economic theories of John Maynard Keynes who advocated government monetary and fiscal programs intended to stimulate business activity and increase employment; liberalism
an economic theory advocating free competition and a self-regulating market; Malthusian theory, Malthusianism
Malthus' theory that population increase would outpace increases in the means of subsistence; monetarism
an economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of money

Type of:: theory
a well-substantiated explanation of some aspect of the natural world; an organized system of accepted knowledge that applies in a variety of circumstances to explain a specific set of phenomena

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