Cambridge School of Economics

Cambridge School of Economics is a prominent approach to economic thought associated with scholars at the University of Cambridge, particularly from the early 20th century. It emphasizes the importance of real-world observations, practical economics, and the role of government and institutions in shaping economic outcomes. Unlike more theoretical approaches, it focuses on how economies function in practice, including issues like unemployment, inflation, and government policy. The school has contributed to contemporary economics by advocating for policies that address economic stability and growth, integrating empirical data with economic theory to better understand and solve economic problems.