economic theory
11
4.7
- noun
- /ˌiːkəˈnɑːmɪk ˈθɪəri/
- Specialized
:
teoría económica
- The professor explained how economic theory helps us predict consumer behavior.
- neoclassical economic theory
- modern economic theory
- political economic theory
And the title of the contending economic theories, Neoclassical, Keynesian and Marxian.
- And the title of the contending economic theories, Neoclassical, Keynesian and Marxian.
- So it's, it's a, it's basically as close to the the economic theory that that underpins Bitcoin basically.
- You recently wrote a piece in the New York Times saying that Trump's tariffs are based on an economic theory that makes no sense.
- I mean, for instance, I have a almost no knowledge of the details of finance or economic theory.
- Choi concludes in his paper that popular financial advice can deviate significantly from economic theory, often due to a number of fallacies.
Examples
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Real-world market prices are not the equilibrium prices of standard economic theory.
Academic text (1999) -
The irony is that basic economic theory and practical experience predicted this would happen.
Academic text (2011) -
That is not how the economic theory works.
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You know anything about economic theory?
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You do realize this flies in the face of 150 years of economic theory?
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In The Wealth of Nations, Adam Smith conceived of the economic theory that captured these new relations.
Academic text (1999) -
Ricardo was one of the founders of modern economic theory.
Academic text (2012) -
We were debating the basic economic theories of wealth distribution.
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You recently wrote a piece in the New York Times saying that Trump's tariffs are based on an economic theory that makes no sense.
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What alternative psychological perspectives would be consistent with ecological economics or a steady-state economic theory?
Academic text (1991)
Antonyms
How Theoretical
Surface Forms
Morphology
The meaning 'a theory about economics' is directly and transparently derived from combining 'economic' (relating to the economy) with 'theory' (a set of ideas or explanations). This simple adjective+noun compositional pattern is cross-linguistically common, so a B1 learner who knows both words can readily infer the MWE's meaning.
Etymology
Economic theory joins economic (about money, goods and jobs) and theory (an idea or model), so the name literally means an idea about the economy. Think of it as a simple map or recipe that helps 'explain' and 'predict' how money, goods and jobs move, which is why it means a set of ideas about how the economy works.