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two major points made by Keynes in the General Theory. First, Utilitarianism, of whatever type, collapses if either the … estimates for the utility value. Utilitarianism can only work, then, if the future is risky. Utilitarianism can NEVER work if … the future is uncertain. Therefore, since Benthamite Utilitarianism is the foundation for all of the work of, for example …
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This book assesses major schools of thought in macroeconomic theory between the Great Depression and the Long Recession, focusing on their analysis of cycles, crises and macro-policy. It explores the road from the dominance of Keynesian ideas to those of New Classical Macroeconomics (NCM) toward...
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1. Editorial: Consequences of Social Transformation for Economic Theory -- 2. A Survey on Business Cycles: History, Theory and Empirical Findings -- 3. Implementation of the Evolutionary-Genetic Methodology in the Mechanisms of Synthesis of Economic Theory -- 4. Synthesis of Mainstream and...
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