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, Dartmouth Publishing Company, 1990, pp Keynes's Third Alternative ? The Neo ‐ Ricardian Keynesians and the Post Keynesians . By Amitava Krishna Dutt and Edward J. Amadeo. (Aldershot, Edward Elgar Publishing ...
the independent role of beliefs in shaping macroeconomic outcomes. In this paper I review the most recent advances in the indeterminacy agenda, Keynesian Search Theory, and I advance that agenda by introducing self ...
characterised by stable relative prices and uniform profit rates. In view of the discussion so far, one seems to be left with an alternative competitive benchmark with which to consider Keynesian outcomes ...
in response to a rise in the wage share of income is that the rate of capacity utilization is variable in the long run. According to Classical (Marxian) and neo - Keynesian growth theory, the rate of capacity ...
works the book under review is the first volume. His work on topics such as the existence of a representative consumer, on two‐stage budgeting, and on aggregate production functions either is or ought ...
. It is clearly unsatisfactory to have results which indicate that the Ricardian equivalence proposition concerning deficits and interest rates holds in some countries while the opposite neo ‐classical and Keynesian ...
the Keynesian (multiplier) view that capital supply does not restrict economic expansion, and argued for a ‘classical’ ( Ricardian ) approach instead. Development planners—especially after Hans Singer’s ([1952 ...
of Employment. Her book was an attempt to expand Keynes’s ideas to various branches of economics. However, Harrod reviewed her chapter on technical progress with scepticism. Robinson used terminologies ...
Marshall’s book held over its readers. Keynes was already clear, long before he wrote the General Theory, that a lower level of demand for goods could cause unemployment of labour. He had explained his idea ...
that alternative : Chalmers Johnson’s (1982) book on Japan, Alice Amsden’s (1989) book on South Korea and Robert Wade’s (1990) book on Taiwan. Johnson’s book focuses on Japan’s Ministry of International Trade ...
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