Neoclassical economics is a term used to describe theories of economics relating to the determination of prices, production, and the distribution of income in markets through supply and demand. The answer is usually found through a theory of maximization of utility by income-constrained individuals and of profits by cost-constrained firms. As a result it is possible to discuss information and factors of production, which can go hand in hand with rational choice theory. The term neoclassical was coined by Thorsten Veblen in his 1900 article “Preconceptions of Economic Science,” in which he compared marginalist thinkers such as Alfred Marshall to exponents of the Austrian school. Veblen stated: "No attempt will be made here even to give a verdict on the relevant claims of the two or three main recognized "schools" of theory, beyond the rather obvious observation that, for the purpose in question, the so-called Austrian school is difficult to distinguish from the neoclassical one, if not in the different distribution of the accent, on the one hand, in the divergence between the modernized classical visions,...