Wayne, James J. - Volkswirtschaftliche Fakultät, … - 2013
abstraction of economic reality, than the framework of Marshall’s laws of supply and demand and market equilibrium, which has been … framework of general equilibrium and laws of supply and demand are deeply flawed, those macroeconomic models like DSGE and SL … science just like any other subfields of physics. With restrictive assumptions, FEOE can be reduced to the laws of supply and …