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Making Sense Of Classical Theory

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  • Kates, Steven

Abstract

The fundamental problem discussed is the shifts in the conceptual base of economic theory that followed the publication of The General Theory, along with various technical terms being given different meanings, which have made it almost impossible for modern economists to comprehend classical theory. Yet it is in the classical theory of the cycle where the most profound understanding of the nature of recession and cyclical unemployment is found.

Suggested Citation

  • Kates, Steven, 2018. "Making Sense Of Classical Theory," OSF Preprints buazr, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:buazr
    DOI: 10.31219/osf.io/buazr
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    Cited by:

    1. John Oliver, 2020. "The Economic Policy Uncertainty and Firm Investment in Germany," Journal of Accounting, Business and Finance Research, Scientific Publishing Institute, vol. 10(1), pages 34-41.

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