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How would you explain why today economists almost always use neoclassical models when they analyze a particular economic issue or provide advice on economic policy?
How would you explain why today economists almost always use neoclassical models when they analyze a particular economic issue or provide advice on economic policy? Put another way: Why are economists from other historical schools of economic thought, like Malthus, Marx, Veblen, Luxemburg, and Keynes, largely ignored by mainstream economists today?
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