Economic Theory

An Economic Theory is a system theory that models the system processes of an economic system.

• Context:
  • It can range from being a Macroeconomic Theory to being a Microeconomic Theory.
  • It can range from being a Labor-Intensive Economic Theory to being a Capital-Intensive Economic Theory.
  • It can be researched by a Theoretical Economist.
  • It can be applied by an Applied Economist.
  • …
• Example(s):
  • a Capitalist Economic Theory, Socialist Economic Theory, ...
  • an Economic-Agent Search Theory, an Economic-Agent Matching Theory, ...
  • …
• Counter-Example(s):
  • an Evolutionary Theory.
  • a Moral Theory.
• See: Game Theory.

---

---

References

2016

• http://www.economist.com/news/science-and-technology/21693904-microeconomists-claims-be-doing-real-science-turn-out-be-true-far?frsc=dg%7Cd
  • … economics may still benefit from the zeal of the newly converted. They point out that, when the field was in its infancy, experimental economists were keen that others should adopt their methods. To that end, they persuaded economics journals to devote far more space to printing information about methods, including explicit instructions and raw data sets, than sciences journals normally would. …

---