Fundamental defect of the macroeconomic thinking as one of the main causes of the crisis endured

Eugen Perchik

Papers from arXiv.org

Abstract: The main points of the first section of the article written by S.I. Chernyshov, A.V. Voronin and S.A. Razumovsky arXiv:1003.4382), which deals with the fundamental bases of the macroeconomic theory, have been analyzed. An incorrectness of the Harrod's model of the economical growth in its generally accepted interpretation was specifically considered. The inevitability of the economic crisis has been shown to follow directly from the premises of this model. At the same time there is an opportunity to realize the damping strategies.

Date: 2010-04
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1004.3067

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