What is neoclassical economists?

Neoclassical economists are scholars who focus on the determination of prices, outputs, and income distributions in markets through supply and demand. They emphasize the role of individual rationality and utility maximization, assuming that consumers and firms make decisions based on available information to optimize their outcomes. This school of thought typically supports free markets and is foundational to modern economic theories, including concepts like marginalism and the idea of equilibrium. Neoclassical economics has evolved to incorporate elements of behavioral economics and critiques of market efficiency.