Scenarios about 'neoclassical economics'
Neoclassical economics is a school of thought that emerged in the late 19th century, focusing on supply and demand as market forces determining prices, outputs, and income distributions. This framework emphasizes rational choice theory, utility maximization, and market equilibrium, becoming the dominant economic paradigm in Western academia and policy circles throughout the 20th century. In alternate history scenarios, variations in neoclassical economic adoption can significantly alter national development paths, international trade relationships, and the timing of economic crises.
What If Behavioral Economics Emerged Earlier?
Exploring the alternate timeline where behavioral economics developed in the 1940s instead of the 1970s, potentially transforming economics, policy-making, and social welfare decades ahead of our timeline.