There are several groups or schools of thought in economics, including:

  1. Classical Economics: Adam Smith, David Ricardo, Thomas Malthus, and others who believed in free markets and laissez-faire economics.
  2. Keynesian Economics: John Maynard Keynes and his followers, who advocate for government intervention in the economy to stabilize output and employment.
  3. Monetarism: Milton Friedman and others who focus on the role of money supply in the economy and advocate for central bank control of inflation.
  4. Austrian Economics: Carl Menger, Eugen von Böhm-Bawerk, and others who emphasize individual decision-making and skepticism of government intervention.
  5. Marxian Economics: Karl Marx and his followers, who emphasize class struggle and the role of capitalism in exploiting labor.
  6. Institutional Economics: Thorstein Veblen and others who focus on the role of social and institutional factors in shaping economic behavior.
  7. Behavioral Economics: Daniel Kahneman and others who incorporate insights from psychology into economic analysis.
  8. New Classical Economics: Robert Lucas and others who combine classical economics with modern macroeconomic models.
  9. New Keynesian Economics: Joseph Stiglitz and others who seek to combine Keynesian insights with modern macroeconomic models.

These groups often have differing views on topics like government intervention, free trade, and economic inequality.

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