Keywords
classical economics
Keynesian revolution
neoclassical synthesis
behavioral economics
How to Cite
Abstract
This comprehensive article offers a historical exploration of economic thought across different epochs, tracing the evolution of key paradigms and theories. Starting with the classical foundations of laissez-faire capitalism and the invisible hand, the article progresses through the Keynesian revolution and the emergence of macroeconomic policies. It examines the integration of neoclassical and Keynesian ideas, the rise of behavioral economics challenging traditional assumptions, and the modern challenges posed by globalization and sustainability. By weaving together insights from various economic eras, this article provides a holistic understanding of economic thought's transformative journey.
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