Backhouse, Roger; Boianovsky, Mauro - Associação dos Centros de Pós-Graduação em … - 2005
The paper investigates the rise and fall of the disequilibrium approach in macroeconomics between the mid 1960s and the late 1970s. During that period macroeconomists became attracted to the interpretation of unemployment phenomena based on the notion that markets are not in equilibrium. It was...