Nach einem jahrzentelangen Siegeszug ist der Markt in eine schwere Krise geraten. Nur durch extreme Rettungsmaßnahmen des Staates konnte eine Kernschmelze des Weltfinanzsystems verhindert werden. Banker, die als die Helden des 21. Jahrhunderts bewundert wurden, stehen jetzt am Pranger von...

It is often said that after the crisis economic textbooks have to be rewritten. However, as surveys show, almost all professors continue using the standard IS-LM/AS-AD model as the workhorse for undergraduate training. This paper shows that the IS-LM/AS-AD model is not only full of obvious...

It is often said that after the crisis economic textbooks have to be rewritten. However, as surveys show, almost all professors continue using the standard IS-LM/AS-AD model as the workhorse for undergraduate training. This paper shows that the IS-LM/AS-AD model is not only full of obvious...