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Tag Archives: Neo-Classical
The Failure of the New ‘New Economics’
When I was taking my undergraduate course in Intermediate Macro, the professor insisted that we learn the typical models and hypotheses of our day and age. Entering the world of economics or finance without understanding Robert Solow’s long-run growth model … Continue reading
On Unemployment and Industrial Restructuring
Krugman, once again, fails to take into all the factors in his mental calculations. This time he fails to make an objective critique of Schumpeter’s and the neo-classical theory on unemployment and fiscal spending. Continue reading
Posted in Theory
Tagged Classical, fiscal, Government, Keynesian, Krugman, Neo-Classical, Schumpeter, spending, Stimulus, Unemployment
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