neoclassical

Etymology

neo- + classical

adj

1. Of pertaining to a style of architecture based on classical models, especially such a style of the 18th century.
2. Of or relating to various art styles, as in sculpture and ballet, inspired by older classical forms and conventions.
3. (linguistics) Being a recent construction based on older, classical elements.
   The English word "psychopathy" is a neoclassical compound from Ancient Greek roots.
4. (economics) Of or relating to an approach that focuses on the determination of prices, outputs, and income distributions in markets through supply and demand.

noun

1. Clipping of neoclassical economist.
   As a result, the media and the public were clamoring for change, supporting the efforts of leading neoclassicals like Milton Friedman to overthrow their Keynesian overlords in the academy. 2011, Steve Keen, chapter 2, in Debunking Economics — Revised and Expanded Edition: The Naked Emperor Dethroned?, London & New York: Zed Books, page 9