The Classical False Dichotomy Model

John Weeks
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John Weeks: Middlebury College

Chapter 5 in A Critique of Neoclassical Macroeconomics, 1989, pp 66-79 from Palgrave Macmillan

Abstract: Abstract The previous chapters set out the basic elements of the neoclassical macroeconomic model. In this chapter, the equilibrium solutions to the simplest version of the model will be treated in detail. The purpose is not merely to reproduce what can be found in standard textbooks on macroeconomics. The intention of this and the next two chapters is to substantiate a previous assertion.

Keywords: Real Wage; Money Supply; Money Market; Full Employment; Nominal Wage (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-20296-6_5

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DOI: 10.1007/978-1-349-20296-6_5

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