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The Invisible Hand, one of the Great Ideas of history and one of the most influential, is Adam Smith's most important legacy to macroeconomics, as to all economics. It is particularly important today as the ultimate inspiration for the New Classical Macroeconomics and for Real Business Cycle...
Persistent link: https://www.econbiz.de/10005464011
The equilibrium prices in asset markets, as stated by Keynes (1930): "...will be fixed at the point at which the sales … of the bears and the purchases of the bulls are balanced." We propose a descriptive theory of finance explicating Keynes …
Persistent link: https://www.econbiz.de/10010895648