Connection between Neoclassical Economics and The Economic Policies of Term Paper

Connection between Neoclassical frugals and The Economic Policies of the President Obama, Psychological Aspect - Term Paper ExampleThis paper is focused on connective of Obamas proposals and neoclassical economics. A conclusion about Obamas irrational behavior is made. Consequently, this paper discusses the genius of irrational behavior in economics with regard to current and old behavioral theories in economics. on that point is also an attempt to continue this kind of research and conduct another study of a broader context.Obamas Proposals lead to maintaining a neoclassical economic goal one can improve his/her well-being done emergenced income to acquire more possessions Economic Proposals of Obama concern all social spheres of human life and increase the income of the society in order to reach greater well-being. Public disregard to Obamas policy and conservatives aggressive attitude to his politics might be explained by the fact that irrational behavior is less cognise t o the public.Obamas political course directed on increase of taxes, limitations of small businesses to hire more deal high energetic expenditures through Cap and Trade. FDR and the New Deal were of the main focus for Obama. Further clarifications of Obamas Proposals may be clarified in accordance with Stigler who claims that economic theories should be considered in accordance with one-third parameters congruence with reality, generality, and tractability. Obamas Proposals partially comply with these parameters. On the one hand, the supporters claim that figures provided by Obamas presidency are un practical(prenominal). On the other hand, it is evident that some positive results are reached. Consequently, in the basis of his proposals were realistic assumptions which resulted in realistic predictions.It is possible to consider Obamas proposals in the paradigm of hedonics theory