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that a sound theory must explain how individuals behave - how our collective choices shape the economy. From Keynesian …
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Contents: Foreword / Geoff Harcourt -- Introduction: The role of government / Nikolaos Karagiannis and John E. King -- Part I: Philosophical and theoretical aspects -- 1. Policy and state in complexity economics / Wolfram Elsner -- 2. State and public sector: key economic and...
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that this equilibrium may be a cycle rather than a point. An extension of new Keynesian theory provides a model of …
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