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more spectacularly than the reputation of economics itself." Indeed, the financial crisis that crested in 2008 destroyed … powerful argument for how economics must change to get us out of it. Roger E.A. Farmer traces the swings between classical and … Keynesian economics since the early twentieth century, gracefully explaining the elements of both theories. During the Great …
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The current crisis is like an earthquake for the theoretical foundations of economic policies, which have guided governments and central banks for the last few decades. The efficient market hypothesis and its application to labor markets –“natural rate theory”- dominated interpretations of...
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purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox … economics will be reiterated and an overview over the strands of post-Keynesian economics, their commonalities and developments …
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Milton Friedman's influence on the economics profession has been enormous. In part, his success was due to political …. Friedman's professional triumph is testament to the weak intellectual foundations of the economics profession which accepted … ideas that are conceptually and empirically flawed. His success has taken economics back in a pre-Keynesian direction and …
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