Same topic Authors
Quote of the day

If you stare long enough at anything, you will start to find similarities. The word “coincidence” exists in order to stop people from seeing meaning where none exists.

Popular Topics
Humble, Subject, Wonderful, Scholar, Flower, Poet, Looking For Love, America, Hip Hop, Happy, Excellent, Heart, Disco, Children, Angry, Knowledge, Ocean, Positive, Think, I Miss You, Success, Surprised, Journey, Organization, Enthusiast, Inspirational Life, Perfect Love, Thing, Path Of Love, Fly, Wisdom, Peace Love, Girl, Religion, Acknowledge, Future, Love, Beach, Guru, Bear, Lifetime, Technical, Comfortable, Life Is Like, Education, Life Is Good, Quiet, Intelligent, Home, Humbly
Kenneth E. Boulding

One of the most important skills of the economist, therefore, is that of simplification of the model. Two important methods of simplification have been developed by economists. One is the method of partial equilibrium analysis (or microeconomics), generally associated with the name of Alfred Marshall and the other is the method of aggregation (or macro-economics), associated with the name of John Maynard Keynes.