Modern economic theory, also known as neoclassical economics, is a school of thought that emerged in the late 19th century. It is based on the ideas of Alfred Marshall, Carl Menger, and Leon Walras, who sought to explain the behavior of economic agents, such as consumers and firms, in a market economy.
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In conclusion, modern economic theory is a fundamental concept in economics that provides a framework for understanding how markets work and how economic agents make decisions. With the help of KK De Wett's book, "Modern Economic Theory", you can gain a deeper understanding of the subject and develop a strong foundation in economics. The PDF version of the book provides an
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