What does economic theory mean?

Definitions for economic theory
eco·nom·ic the·o·ry

This dictionary definitions page includes all the possible meanings, example usage and translations of the word economic theory.

Princeton's WordNet

  1. economic theorynoun

    (economics) a theory of commercial activities (such as the production and consumption of goods)

Wikipedia

  1. economic theory

    Economic Theory is a peer-reviewed academic journal that focuses on theoretical economics, particularly social choice, general equilibrium theory, and game theory. Mathematically rigorous articles are also published in the fields of experimental economics, public economics, international economics, development economics, and industrial organisation. The journal is the official journal of the Society for the Advancement of Economic Theory. Both the society and the journal were founded by Charalambos D. Aliprantis, David Cass, Douglas Gale, Mukul Majumdar, Edward C. Prescott, Nicholas C. Yannelis, and Yves Younes.

ChatGPT

  1. economic theory

    Economic theory refers to the scholarly or scientific discipline which aims to describe, interpret, and predict economic phenomena. It involves the development and use of models and principles to analyze and understand the behavior of individuals, households, businesses, and governments concerning the allocation of resources, production, consumption, trade, and financial decisions. These models often attempt to simplify complex economic interactions in order to develop a strategy for making economic decisions or predicting future occurrences.

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Numerology

  1. Chaldean Numerology

    The numerical value of economic theory in Chaldean Numerology is: 5

  2. Pythagorean Numerology

    The numerical value of economic theory in Pythagorean Numerology is: 6

Examples of economic theory in a Sentence

  1. Conrad DeQuadros:

    It takes two to tango and the problem with job creation would appear to be a reluctance to supply labor, not a diminishment of demand, and we would love to hear the economic theory that explains how continued Fed bond purchases encourage workers to return to work.

  2. Rick Karcher:

    Economic theory would tell Blake Lawrence that there’s a limited pie of money that’s going to spent, there’s only so much money that’s going to be spent on college athletes in terms of endorsements. They ’ll be competing for that money.

  3. Joseph Stiglitz:

    Neo-liberal market fundamentalism was always a political doctrine serving certain interests. It was never supported by economic theory. Nor, it should now be clear, is it supported by historical experience.

  4. Lansing Pollock:

    When libertarian moral theory is combined with economic theory a compelling conception of the good society emerges.


Translations for economic theory

From our Multilingual Translation Dictionary

  • النظرية الاقتصاديةArabic
  • आर्थिक सिद्धांतHindi
  • 経済理論Japanese

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"economic theory." Definitions.net. STANDS4 LLC, 2024. Web. 26 Dec. 2024. <https://www.definitions.net/definition/economic+theory>.

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