MAKING SENSE OF CLASSICAL THEORY

Steven Kates

No buazr, OSF Preprints from Center for Open Science

Abstract: The fundamental problem discussed is the shifts in the conceptual base of economic theory that followed the publication of The General Theory, along with various technical terms being given different meanings, which have made it almost impossible for modern economists to comprehend classical theory. Yet it is in the classical theory of the cycle where the most profound understanding of the nature of recession and cyclical unemployment is found.

Date: 2018-01-18
New Economics Papers: this item is included in nep-hpe and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:buazr

DOI: 10.31219/osf.io/buazr

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