economic theory

Other forms: economic theories

Definitions of economic theory

1. noun

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