The best test of an economic theory is its ability to predict real-world events, patterns, and changes.
What is economic theory?
Economic theory provides a forum for research in all fields of economics based on rigorous theoretical reasoning and subjects in mathematics backed by economic problem analysis. Published articles help to comprehend and solve substantive economic problems. Classical and modern equilibrium theory, cooperative as well as non-cooperative game theory, macroeconomics, social choice as well as welfare, uncertainty as well as information, intertemporal economics (which include dynamical systems), public economics, international as well as developmental economics, financial economics, money as well as banking, and industrial organisation are among the topics covered in the journal.
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