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It was a central part of American economics in the first part of the 20th century, including such famous but diverse economists as Thorstein Veblen, Wesley Mitchell, and John R. Commons. ^ • Giancarlo Corsetti (2008). "new open economy macroeconomics," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract. • Reuven Glick (2008). "macroeconomic effects of international trade," The New Palgrave Dictionary of… Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand. Evolutionary economics is part of mainstream economics as well as a heterodox school of economic thought that is inspired by evolutionary biology.

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FROM Classical TO Global Political Economy 13 Figure 1.1. Capital/Labour Strife and Rentier/Managerial Differentiation at the Origin of Contemporary Social Science Disciplines…

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