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Classical Macroeconomics

Description

This book clarifies the classical explanations to help resolve the continuing theoretical and policy disputes. Key chapters include:

On the definition of money

Keynes’s misinterpretation of the classical theory of interest

The classical theory of growth and Keynes’s paradox of thrift

The mythology of the Keynesian multiplier

 

Keywords

macroeconomic analysis interest the price level inflation Capital modern macroeconomics paradox of thrift IS-LM model Keynesian multiplier

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