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Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that … incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into … "gains from trade" approach can easily explain why changes in perceptions about the future (including "news" about the future …
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"Examines Alexander Hamilton's political economy in relation to Aristotle's classical views of economics, as presented in his Politics, and finds shared support of commerce in pursuit of a regime's or democracy's wider goals" - Provided by publisher
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