What is another word for neoclassical economics?
Pronunciation: [nˌiːə͡ʊklˈasɪkə͡l ˌiːkənˈɒmɪks] (IPA) 
Neoclassical economics refers to a school of thought within the broader field of economics that emphasizes the importance of supply and demand, market efficiency, and rational behavior by individuals. However, there are a variety of synonyms and related terms used to describe similar concepts. For example, "classical economics" refers to the dominant economic theory in the 18th and 19th centuries, which emphasized the importance of free markets, specialization, and the division of labor. "Marginal economics" focuses on the incremental changes in decision-making that affect prices and production. "Chicago school economics" emphasizes the importance of monetary policy and the role of markets in promoting economic growth. Overall, these terms all relate to the study of human behavior in the context of economic decision-making.
