color of law definition: nThe conduct of a police officer, judge, or another person clothed with governmental authority that, although it superficially appears to be within the individualâs lawful power, is actually in contravention of the law. For exampl...
What is 'Neoclassical Economics'. Neoclassical economics is an approach to economics that relates supply and demand to an individual's rationality and his ability to maximize utility or profit. Neoclassical economics also uses mathematical equations to study of various aspects of the economy.
What is termed neoclassical economics was not always the prevailing view of the discipline. Henry, John F The Making of Neoclassical Economics (1990) And all this with an eye to its neoclassical building programme. The Times Literary Supplement (2014) It is important to note that the definition of neoclassical economics  is not perfectly self-evident.