Keynes takes Ricardo representing the old "classical" economics. According to Keynes, what were Alfred Marshall's main contributions to economics after Ricardo? What assumption about the economic system was shared by Marshall and other "recent writers" with Ricardian economics?

What are the main differences between traditional economics and behavioral economics? Traditional economics is mainly theoretical. Cl Behavioral economics does not take as a given that decision makers are rational. 0 Traditional economics assumes that decision makers are fully' informed. 1 An economist can adopt three different approaches to economic policy: the positive economics approach, the normative economics approach, and the political economics approach. Describe each approach in detail and explain how the three approaches are related