Aggregate Demand-Supply Analysis and Its Critics: An Evaluation of the Controversy

William Scarth
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William Scarth: McMaster University, Hamilton, ON, Canada, scarth@mcmaster.ca

Review of Radical Political Economics, 2010, vol. 42, issue 3, 321-326

Abstract: While acknowledging that the AD-AS model is sometimes applied carelessly, this note defends this analytical framework against charges that it is internally inconsistent, empirically unrealistic, and unable to clarify major controversies in macroeconomic theory and policy. JEL classification: A22, B22, E10

Keywords: intermediate macroeconomics; AD-AS model (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:42:y:2010:i:3:p:321-326

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