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Academic Studies in Social, Human and Administrive Sciences
In this Chapter, we will first review the historical developments leading to the birth of Post-Keynesian Economics and then give the developments of Post-Keynesian Economics in terms of their assumptions and methodology, ...
What It Means to Be A New Classical Economist
Abstract – The New Classical School works with rational expectations and full flexibility of prices and wages in all markets. The concept of rational expectations hypothesis (REH) was first introduced by J.F. Muth (1961). ...