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There is not much use to attack standard economics because deep in his heart the representative economist long knows that he is tied to a degenerating research program. The problem is, rather, that it seems to be exceedingly difficult to build up a convincing alternative. Keynes, for one, tried...
Persistent link: https://www.econbiz.de/10011259647
Keynes had a lot of plausible things to say about unemployment and its causes. His ‘mercurial mind’, though, relied on …-off between price inflation and unemployment. …
Persistent link: https://www.econbiz.de/10011257999