Grieve, R.H. (2011) The grand macroeconomics circular tour: from 'the classics' to Keynes, and back again. GCU Economic Journal, 16 (2). ISSN 0242-2815
Full text not available in this repository. (Request a copy from the Strathclyde author)Abstract
Having noted the fundamental difference between the pre-Keynesian (classical) and Keynesian conceptions of the working of the macro system - i.e. from the one (classical) perspective that aggregate demand naturally accommodates itself to supply, and from the other, that planned aggregate demand is the key determinant of economic activity - this paper goes on to draw attention to the fact that the pre-Keynesian vision has re-emerged as the conventional wisdom as expounded in contemporary mainstream textbooks, a development intimately bound up with the adoption of the highly problematic ADAS model as the expository framework of choice.
| Item type: | Article |
|---|---|
| ID code: | 28252 |
| Keywords: | macroeconomics, keynes, Economic Theory |
| Subjects: | Social Sciences > Economic Theory |
| Department: | Strathclyde Business School > Economics |
| Related URLs: | |
| Depositing user: | Miss Jenna Wright |
| Date Deposited: | 14 Oct 2010 16:05 |
| Last modified: | 12 Mar 2012 11:20 |
| URI: | http://strathprints.strath.ac.uk/id/eprint/28252 |
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