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Keynes versus the ‘Keynesians’…?

Terence W. Hutchison

Chapter 5 in A Critique of Keynesian Economics, 1986, pp 115-153 from Palgrave Macmillan

Abstract: Abstract Three different sources of weakness and inadequacy may be distinguished in the process of decline and crisis of a once successful, or ‘orthodox’, system of theory, ‘paradigm’ or ‘research programme’ in economics, such as that of English Classical Political Economy or ‘the Ricardo-Mill economics’, as Jevons called it, or, a hundred years later, Keynesian economics.

Keywords: Trade Union; Aggregate Demand; Natural Rate; Wage Increase; Full Employment (search for similar items in EconPapers)
Date: 1986
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DOI: 10.1007/978-1-349-22481-4_5

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