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The Cambridge Journal of Economics witnessed an important debate between Mark Pernecky and Paul Wojick on the one side … reconcile Pernecky and Wojick’s claim that Keynes’s new economics of the General Theory and Walrasian General Equilibrium are …
Persistent link: https://www.econbiz.de/10012416106
The Cambridge Journal of Economics witnessed an important debate between Mark Pernecky and Paul Wojick on the one side … reconcile Pernecky and Wojick’s claim that Keynes’s new economics of the General Theory and Walrasian General Equilibrium are …
Persistent link: https://www.econbiz.de/10013173052
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Post Keynesian theory as opposed to Walrasian theory does not provide the foundations for a unique general equilibrium but claims the existence of multiple equilibrium positions. In this article, such a multiple of equilibrium positions is explained by different market constellations which are...
Persistent link: https://www.econbiz.de/10003377631