Many spatial economic topics can be analyzed within either an urban or regional economics framework as some economic phenomena primarily affect localized urban areas while others are felt over much larger regional areas.
32.
This contrasted sharply with the approach of the Austrian economists who sought to explain economic phenomena as resulting from individual action and from the social interaction of individuals ( the principle of methodological individualist ).
33.
There is a school of thought among economic historians that splits economic history the study of how economic phenomena evolved in the past from historical economics testing the generality of economic theory using historical episodes.
34.
Ontological questions continue with further " what is . . . " questions addressed at fundamental economic phenomena, such as " what is ( economic ) value ? " or " what is a market ? ".
35.
It is an analysis which only aims to define the " essence " of economic phenomena ( i . e . what their true or overall significance is ), based on a critical inspection of the evidence.
36.
An economic geographer will often take a more holistic approach in the analysis of economic phenomena, which is to conceptualize a problem in terms of space, place and scale as well as the overt economic problem that is being examined.
37.
As the specific claims of robust neoclassicism fade into the history of economic thought, an orientation toward situating explanations of economic phenomena in relation to rationality has increasingly become the touchstone by which mainstream economists identify themselves and recognize each other.
38.
The sociological subfield of economic sociology arose, primarily through the work of �mile Durkheim, Max Weber and Georg Simmel, as an approach to analysing the effects of economic phenomena in relation to the overarching social paradigm ( i . e . modernity ).
39.
Unsatisfied with the traditional explanations and approaches of economists-which usually prioritized simplified approaches for the sake of soluble theoretical models over agreement with empirical data-they applied tools and methods from physics, first to try to match financial data sets, and then to explain more general economic phenomena.
40.
While economics traditionally focused on markets and masculine-associated ideas of autonomy, abstraction and logic, feminist economists call for a fuller exploration of economic life, including such " culturally feminine " topics such as family economics, and examining the importance of connections, concreteness, and emotion in explaining economic phenomena.
