Neoclassical Economics

Classical Dichotomy
An examination of the classical dichotomy in economic theory, exploring its fundamental meaning, historical development, and analytical frameworks.
Disutility
A loss in utility derived from the consumption of a 'bad', often interchanged with the disutility from labor.
Neoclassical Economics
An analysis of economic activity based on rational preferences, utility maximization by consumers, profit maximization by firms, and decision-making under constraints.