Neoclassical synthesis is a combination of two theories. One of them, Keynesian, reveals the concept of "effective demand". The second, neoclassical, reflects the meaning of distribution and production. Keynesianism specializes in the study of the conditions of realization that determine the actual industrial level. The neoclassical direction, according to a number of authors, begins precisely with factors that reflect the optimal (potentially possible) degree of development of production. When considering the possibility of convergence of these two theories, therefore, the first step is considered to be some kind of "separation of concepts".
Neoclassical synthesis assumes the unity of the object of study of both currents of economic thought. The peculiarity of the combined theories is that the subject is a functional quantitative dependence of capitalist reproduction. The neoclassical synthesis thus provides for the exploration of the active aspect of the production process from various angles.
The unification of currents is a kind of "branching" of the macroeconomic functional field of study from the bourgeois theory of a traditional nature. In this area, there could be no other way to form macroanalysis. So,neoclassical synthesis of currents is a confirmation of the division of political economy into two main areas: functional and historical concepts. The beginning of the unification process testified to the unsatisfactoriness of the existing aspects, which acted as the theoretical basis of the state-monopoly management of the capitalist system.
The "Great Neoclassical Synthesis" was associated by bourgeois politicians and scientists with the elimination of crisis moments in the economy, which become quite acute over time. Some authors saw the task of combining theories in a significant reduction in unemployment and inflation, in accelerating the growth rate of the economic system. Another aspect was the desire to overcome the fragmentation of the directions and currents of political economy by creating a single concept.
If the neoclassical synthesis proved ineffective, we would have to admit that the mixed economic system has limited ability to change growth rates.
The development of capital in depth is extremely important. It should be said that it does not always go smoothly in a mixed economy. However, assuming that employment in the country is maintained at a high level, part of the output can be withdrawn from the area of consumption and allocated for capital formation. To do this, a combination of certain activities is used. First of all, there needs to be a policymonetary expansion. It also promotes development in depth. Neutralization of the increase in investment costs is carried out through a tight fiscal policy, which provides for higher tax rates.
