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The goal of this paper is to provide a model and method for those wishing to include the Post Keynesian perspective when teaching exchange rate theory. It begins by reviewing neoclassical approaches (purchasing power parity, the monetary model, and the Dornbusch model) and then develops a...
Persistent link: https://www.econbiz.de/10008675820
Paul Davidson's intermediate macroeconomics textbook, <i>Post Keynesian Macroeconomic Theory: A Foundation for Successful Economic Policies for the Twenty-First Century,</i> serves as an excellent introduction to the economics of Keynes. It opens with a rejection of Say's law, then works its way...
Persistent link: https://www.econbiz.de/10011094443
A university education should enable and improve students' cognitive abilities. An effective curriculum can help achieve this objective. Teaching that economics is more than just neoclassicism, for example, could aid the transition to higher stages of cognition. That said, even erstwhile...
Persistent link: https://www.econbiz.de/10010669862