Antony Davies
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Antony Davies
Antony Davies (born 4 April 1965) is an American economist, speaker, and author. He is an associate professor of economics at Duquesne University and the Milton Friedman Distinguished Fellow at the Foundation for Economic Education. Early life and education Davies was born in Savannah, Georgia, to Alan and Margaret Davies. He was raised in Montoursville, Pennsylvania, and graduated from Bishop Neumann High School in Williamsport, Pennsylvania in 1983. Starting at an early age, he acted with the Community Theatre League. He graduated ''cum laude'' with a B.S. degree in economics with minors in mathematics and philosophy from Saint Vincent College in 1987. In 1994, he received his Ph.D. in economics from the University at Albany in Albany, New York, where he studied under Kajal Lahiri. His Ph.D. thesis addressed analysis of multi-dimensional panel data in econometrics, and it received the ''Distinguished Dissertation Award''. Professional history While a college student, he fou ...
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Neoclassical Economics
Neoclassical economics is an approach to economics in which the production, consumption, and valuation (pricing) of goods and services are observed as driven by the supply and demand model. According to this line of thought, the value of a good or service is determined through a hypothetical maximization of utility by income-constrained individuals and of profits by firms facing production costs and employing available information and factors of production. This approach has often been justified by appealing to rational choice theory. Neoclassical economics is the dominant approach to microeconomics and, together with Keynesian economics, formed the neoclassical synthesis which dominated mainstream economics as "neo-Keynesian economics" from the 1950s onward. Classification The term was originally introduced by Thorstein Veblen in his 1900 article "Preconceptions of Economic Science", in which he related marginalists in the tradition of Alfred Marshall ''et al.'' to ...
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