The classical school emphasizes production of goods and services as the key focus of economic analysis. Neoclassical economics focuses on how individuals operate within an economy. As such, the neoclassical school emphasizes the exchange of goods and services as the key focus of economic analysis.. (Source : Difference Between Classical & Neoclassical Economics | eHow) Here's information about the dates of emergence of neoclassical economics:
A random sampling of other states indicates the issue is mixed. For example, Illinois taxes the equipment if it is used in a manufacturing process. In Maine, there is no exemption. In Connecticut, all fire safety equipment is exempt.
Connecticut Qualifying veterans who are severely disabled are eligible for a $10,000 homestead exemption; qualifying veterans who are amputees are eligible for a $5,000 homestead exemption. Qualifying disabled veterans are also eligible for an exemption on the value of personal property up to $3,000; the amount decreases along a sliding scale