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The classics, the keynesians and the supply side economics

Author

Listed:
  • George T. McCandless Jr.

    (University of Chicago. * Profesor perteneciente al programa Fulbright, invitado por la Escuela de Economía de la Universidad de Los Andes, Mérida, Venezuela, en el mes de Junio de 1987. Traducción realizada por los profesores Rafael Solórzano y Hugo Contreras.)

Abstract

Se puede construir un modelo muy simple que permita demostrar las principales diferencias entre los modelos de Keynes y de los economistas clásicos y que, incluso, suministre algunas ideas acerca del debate que actualmente se desarrolla en los estados Unidos, sobre la economía de oferta. El modelo que aquí se construye es una versión simplificada, y desarrollada a través de técnicas gráficas, de los modelos examinados en la primera mitad del libro Macroeconomic Theory de Thomas Sargent. Un interesante resultado adicional de este modelo es que se puede usar para ilustrar algunos de los problemas actuales de Venezuela.

Suggested Citation

  • George T. McCandless Jr., 1988. "The classics, the keynesians and the supply side economics," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 13(2), pages 103-114, January-D.
    • Handle: RePEc:ula:econom:v:13:y:1988:i:2:p:103-114
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    More about this item

    Keywords

    Economía de oferta; economía clasica; modelos de Keynes.;
    All these keywords.

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)

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