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Interpreting Keyness work is a contentious topic and several schools of. Not to be confused with choice theory is the study of an agents choices.
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It enables the description of a series of phenomena from the field of dynamics ie that field of physics concerning the effect of forces on the motion of objects.
. Keynesian economics developed during and after the Great Depression from the ideas presented by Keynes in his 1936 book The General Theory of Employment Interest and Money. Decision theory or the theory of choice. Chaos theory is a mathematical theory and it is still in development.
Decision theory can be broken into two branches. The archetype of all theories of dynamics is that of Newton concerning celestial motions. Keynes approach was a stark contrast to the aggregate supply-focused classical economics that preceded his book.
Normative decision theory which analyzes the outcomes of decisions or determines the optimal decisions given constraints and assumptions and descriptive decision theory which analyzes how agents actually make.
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