New Classical Macroeconomics - Econlib

After Keynesian Macroeconomics The new classical macroeconomics is a school of economic thought that originated in the early 1970s in the work of economists centered at the Universities of Chicago and Minnesota—particularly, Robert Lucas (recipient of the Nobel Prize in 1995), Thomas Sargent, Neil Wallace, and Edward Prescott (corecipient of the Nobel Prize in 2004). […]

Over the past two decades the new classical macroeconomics has become the single most coherent school of macroeconomic thought. Always controversial,

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Neoclassical Economics - Econlib

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ECS 4861 : - University of South Africa