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"The Great Recession of 2008 restored John Maynard Keynes to prominence. After decades when the Keynesian revolution … Keynes have done?" The Financial Times wrote of "the undeniable shift to Keynes." Le Monde pronounced the economic collapse … Keynes's "revenge." Two years later, following bank bailouts and Tea Party fundamentalism, Keynesian principles once again …
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conformity with Keynes s own analysis. Moreover, the eclectic approach to behavioral foundations allows models in this tradition …
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The Global Crisis demonstrated to the world that Ratings Agencies had misled the public about the stability of financial institutions. The Finance literature had decided that it was impossible to have bubbles in financial markets and any surge in the stock market would be self-correcting. Recent...
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