The neoclassical synthesis dominated economics from the 1940s until the early 1970s.
In the neoclassical synthesis, equilibrium models were the rule.
On an operational level, however, the beneficial effects of price reductions on aggregate demand were never taken seriously in the neoclassical synthesis.
Inspection of Figure 7.2 should make it quite clear how the neoclassical synthesis has been modified by the new classical writers.
This is a similar conclusion to that of the neoclassical synthesis except that there is no scope for the Keynes effect to operate.
Both of these schools of thought are associated with the neoclassical synthesis.
The fusion of elements from different schools of thought has been dubbed the new neoclassical synthesis.
The term "neoclassical synthesis" itself also first appears in the 1955 edition of Samuelson's textbook.
Lange made several seminal contributions to the development of the neoclassical synthesis (e.g. 1938, 1943, 1944).
Introductory university economics courses began to present economic theory as a unified whole in what is referred to as the neoclassical synthesis.