History of economic thought


1770’s                                        Classical Political Economy


1840’s      Marxian Economics


1870s                                                                     Neoclassical Economics


1900’s                    Institutional Economics


1930’s                                     Keynesian Macroeconomics


1950’s                                                                       “Neoclassical synthesis [Keynesianism]”


1970’s                                                                                                                Monetarism


1980’s              Modern Political Economy                                      "Rational expectations”                               
                                                             
                                                                                                     [neoliberalism & rationalism]