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The development of Keynesian economics was a substantial challenge to the dominant neoclassical school of economics. Keynesian views entered the mainstream as a result of the neoclassical synthesis developed by John Hicks. The rise of Keynesianism, and its incorporation into mainstream economics, reduced the appeal of heterodox schools.
As the United States entered the 20th century, the American School was the policy of the United States under such names as American Policy, economic nationalism, National System, [32] Protective System, Protection Policy, [33] and protectionism, which alludes only to the tariff policy of this system of economics. [34] [35] [36] [13] [37]
The Graduate School of Industrial Administration (GSIA) at the Carnegie Institute of Technology (CIT) in Pittsburgh, Pennsylvania was founded in the late 1940s, after receiving a grant by William Larimer Mellon Sr. to enable graduate instruction in business and economics for the engineers the CIT already produced.
In economics, the freshwater school (or sometimes sweetwater school) comprises US-based macroeconomists who, in the early 1970s, challenged the prevailing consensus in macroeconomics research. A key element of their approach was the argument that macroeconomics had to be dynamic and based on how individuals and institutions interact in markets ...
Schooling in Capitalist America: Educational Reform and the Contradictions of Economic Life is a 1976 book by economists Samuel Bowles and Herbert Gintis.Widely considered a groundbreaking work in sociology of education, [citation needed] it argues the "correspondence principle" explains how the internal organization of schools corresponds to the internal organisation of the capitalist ...
These standards can then be used to guide all other system components. The SBE (standards-based education) reform [2] movement calls for clear, measurable standards for all school students. Rather than norm-referenced rankings, [3] a standards-based system measures each student against the concrete standard. Curriculum, assessments, and ...
In his 1955 article "The Role of Government in Education", [160] Friedman proposed supplementing publicly operated schools with privately run but publicly funded schools through a system of school vouchers. [161] Reforms similar to those proposed in the article were implemented in, for example, Chile in 1981 and Sweden in 1992. [162]
Post-Keynesian economics is a heterodox school that holds that both neo-Keynesian economics and New Keynesian economics are incorrect, and a misinterpretation of Keynes's ideas. The post-Keynesian school encompasses a variety of perspectives, but has been far less influential than the other more mainstream Keynesian schools.