All Posts Tagged With: "macroeconomics"
From Here to Economy: A Shortcut to Economic Literacy
The echoes of John Maynard Keynes still resonate across the intellectual and policy terrain traveled by economists. Thankfully, though, these echoes seem to be growing fainter with each passing year. From Here to Economy serves as an example of such developments. Author Todd Buchholz provides an interesting overview of the economics world, though his book [...]
1Feb1996 | Raymond J. Keating | 0 comments | ContinuedGood News: Textbook Macro Model Rejected!
Finally, a major academic economist has repudiated the dangerously flawed macro model used in all standard textbooks—the so-called Aggregate Supply (AS) and Aggregate Demand (AD) curves. David Colander, well-respected economics professor and author, has written a devastating critique of AS-AD macroeconomics in the latest issue of the prestigious Journal of Economic Perspectives, an official journal of the American Economic Association. What is more remarkable is that he considers himself a Keynesian “and proud of it,” yet he is in the forefront of revamping the way economics is taught.[2]
1Jan1996 | Mark Skousen | 1 comment | Continued-
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