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The New Consensus approach in macroeconomics is criticised for its exclusive but unwarranted reliance on stabilising monetary policies, for its ill-designed approach to the role of wages and wage policies, and for its complete neglect of fiscal policies. From a Post-Keynesian perspective, it is...
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as money, credit and the business cycle. Adding to the analysis are developments that focus on issues for open and …
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money. In this context, they highlight the relevance of Abba Lerner's famous dictum, 'money is a creature of the State'. The …
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