Titlebook: Competing Schools of Economic Thought; Retrospect and Prosp Lefteris Tsoulfidis Textbook 2024Latest edition The Editor(s) (if applicable) a

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,Karl Marx’s ,enturing into unexplored territories such as issues on money and international trade, economic growth and crises, and the financial aspects of the economy. Additionally, he made notable contributions to the theory of rent, among other groundbreaking insights.

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New Classical Macroeconomics,y policy; however, this explanation was inconsistent with the rising price level. Thus, the inability of Keynesians and Monetarists to explain the key macroeconomic events of the late 1960s and early 1970s discredited their theories and created the need for alternative explanations.

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Sustainability Sciences in Asia and Africaows, we deal with the first effort of Smith to create what we call a theory-generating concept and then with his theory of value, his growth model and his theory of the falling rate of profit and the stationary state. A discussion on taxation and public debt follows, and finally, a summary and some remarks conclude the chapter.

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Agroforestry to Combat Global Challenges, about five years later, ., which contained his, still-controversial corn model. In the same year, he began writing a book on political economy, complet a draft of the first seven theoretical chapters in 1816.

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