The new classical counter-revolution: false path or illuminating complement?

Snowdon, Brian (2007) The new classical counter-revolution: false path or illuminating complement? Eastern Economic Journal, 33 (4). pp. 541-562. ISSN 0094-5056

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Official URL: http://dx.doi.org/10.1057/eej.2007.40

Abstract

This paper provides a critique of the orthodox interpretation of the 1970s ‘stagflation’, the relevance of new classical macroeconomics for practical policymaking, and the contribution of real business cycle theory, concluding that the new classical counter-revolution has had an extremely productive influence on the mainstream new neoclassical synthesis framework

Item Type: Article
Subjects: L100 Economics
Department: Faculties > Business and Law > Newcastle Business School > Business and Management
Depositing User: EPrints Services
Date Deposited: 15 Aug 2008 14:25
Last Modified: 10 Aug 2015 11:09
URI: http://nrl.northumbria.ac.uk/id/eprint/1744

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