Kanji 代 substitute, change, convert 経 sutra, longitude, pass thru 済 settle (debt, etc.), relieve (burden), finish 学 study, learning, science Related words 古こ 典てん 経けい 済ざい 学がく Classical economics, the earlier school of thought from Adam Smith to John Stuart Mill, which modern economics built upon and reacted against.
マルクス 経けい 済ざい 学がく Marxian economics, a distinct tradition often contrasted with modern (neoclassical) economics in Japanese academic contexts.
Etymology Compound of 近代 (modern) and 経済学 (economics). The term is a direct calque from Western academic usage, distinguishing post-classical economic theory.
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