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This paper revises the "forms," not the substance, of Keynes' ideas. The first part of the paper analyzes weaknesses in Keynes' original model; the second part suggests remedies and, ultimately, a new model of the macrosystem; the third part provides an overview of the implications of the new model
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For the creation of Concordian econometrics, this paper offers a synthetic view of some technical characteristics of Concordian economics, a new field of research that yields an advanced understanding of the complexities of the economic process, including bubbles, for three fundamental reasons:...
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This paper shows how Keynes used the neoclassical marginal productivity theory of one variable input, labor, and one fixed input, capital, to embed expectations of future prices and profits in a micro foundation of the theory of purely competitive firms. Keynes then generalized his technical...
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Both Keynes’ and Hayek’s shared the belief that there existed a need to revisit the economic discourse that began in the thirties and involved their respective analyses of growth and the business cycle. This paper looks at these topics and discovers some of the deep methodological, cultural,...
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