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new economics Definition

☆ new economics

noun

an economic doctrine based on Keynesian theories and stressing the importance of governmental taxing and spending in promoting and maintaining a sound economy

new economics Usage Examples

Preposition: of

  • wage: On the other hand the new economics of the minimum wage suggests that the impact on employment is broadly neutral.

Adjective modifier

  • institutional: The objectives of the Northern Dimension Research Program in the light of the new institutional economics ( with A.Kuznetsov ).