AHIAKPOR, JAMES C. W. - In: American Journal of Economics and Sociology 63 (2004) 3, pp. 583-608
Keynesianism continues to lose its dominance in macroeconomics. New Keynesians attempt to rescue it from irrelevance with models recognizing (1) the noninstantaneous adjustment of product prices, (2) imperfect knowledge, and (3) nonclearing labor markets. But these are conditions recognized in...