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Synopsis A systematic comparison of the three major economic theories, showing how they differ and why these differences matter in shaping economic theory and practice.Contending Economic Theories offers a unique comparative treatment of the three main theories in economics as it is taught today: neoclassical, Keynesian, and Marxian. Everyday low prices and free delivery on eligible orders. Edmund S. Phelps: An American professor of political economy at Columbia University. The Master’s in Economics has a commitment to pluralism, intellectual tolerance, and diversity of thought and method. 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