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  • MACROECONOMICS AFTER THE GENERAL THEORY
    ebook
    MACROECONOMICS AFTER THE GENERAL THEORY
    ANGEL ASENSIO
    Both Keynes’s General Theory and orthodox economics seek to understand how competitive markets work, but they diverge sharply with respect to the nature and properties of the competitive equilibrium. The reason, as Keynes himself pointed out, is that the General Theory recognises that the future consequences of current decisions are fundamentally uncertain which, contra the ort...

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