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Samuelson's Multiplier-Accelerator model is based on the economic mistake of adding together desired investment and actual savings to derive aggregate expenditure, when it is the sum of actual investment and actual savings. Its fluctuations are not a model of the business cycle, but convergence...
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Contents: Part I: Capitalism and financial crisis -- 1. Marx and the monetary business cycle -- 2. Marx and the emergence of debt markets -- 3. Rosa luxemburg and the marxists on finance -- Part II: Critical theories of finance in the twentieth century: Unstable money and finance -- 4. Ralph...
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