Wednesday, March 13, 2013

Keynes versus the Classicals

'In Keynes' theory, then, the homeostatic mechanisms postulated by the classics are neither "out of order" nor just missing.' -- Leijonhufvud, On Keynesian economics economics of Keynes, p. 161

1 comment:

  1. Are you having to type that guy's name each post? I don't even try to pronunce it, I just read it as "that smart guy whose name starts with 'L'."

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