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Keynesian economics, neoclassical synthesis, and new classical macroeconomics led by Robert E. Lucas. Of course, these labels …
Persistent link: https://www.econbiz.de/10012950360
This introductory paper offers a look into the intellectual and technical progress that led Robert E. Lucas to his seminal paper entitled Expectations and the neutrality of money. It is argued that the neutrality paper applies the capital-theoretic approach of Lucas’s firm microeconomics of...
Persistent link: https://www.econbiz.de/10013312423
Through this paper I try to join the lively debate around mainstream economics with a view to calling attention to some …
Persistent link: https://www.econbiz.de/10011609829
In an age of scepticism about the relevance of neoclassical economics for today's economic policy, it's easy to argue …
Persistent link: https://www.econbiz.de/10012846417