Classical Macroeconomics : Some Modern Variations and Distortions

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ISBN: 9780203413524 | 0203413520
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Copyright: 5/22/2003

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The Great Depression and Keynes's definition of economic concepts made it difficult for modern economists to appreciate the classical insights. This book clarifies the classical explanations to resolve the continuing disputes.

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Introduction
The Classical Theory of Value
On the Definition of Money
The Classical Theories of Interest, the Price Level and Inflation
Keynes's Misinterpretation of the Classical Theory of Interest
The Austrians, 'Capital' and the Classical Theory of Interest
Wicksell on the Classical Theories of Money, Credit, Interest and the Price Level
Fisher, the Classics and Modern Macroeconomics
The Classical Theory of Growth and Keynes's Paradox of Thrift
Full Employment: A Classical Assumption or Keynes's Rhetorical Device?
Hicks, the IS-LM Model and the Success of Keynes's Distortions of Classical Macroeconomics
The Mythology of the Keynesian Multiplier
Conclusion
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Classical Macroeconomics : Some Modern Variations and Distortions

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