Greenwald, Bruce C. N.; Stiglitz, Joseph E. - 2021
Much of the new theory of macro-economics that has been built upon micro-economic models of imperfect information leads … interventions. In doing so, they reconcile macro and micro-economic analysis in a way that has so far been achieved neither by the … traditional Keynesians, who assumed away the micro-dimension of the problem, nor by the new classical economists who assumed away …