"Neoclassical School of Economics" (jan 1, 1870 – jan 1, 1930)
Description:
- The economic theory focuses on the determination of the price or value of a product which is based on the amount of utility- Utility could be measured and given a monetary value
- Reject the labour theory of value and emphasize the demand side
Added to timeline:
Date:
jan 1, 1870
jan 1, 1930
~ 60 years