Classical Macroeconomics
Some Modern Variations and Distortions| By: | James C.W. Ahiakpor |
| Publisher: | Taylor & Francis |
| Print ISBN: | 9780415771108 |
| eText ISBN: | 9781134742035 |
| Edition: | 1 |
| Copyright: | 2003 |
| Format: | Reflowable |
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John Maynard Keynes failed to correctly interpret classic economic concepts, and dismissed the classical explanations and conclusions as being irrelevant to the world in which we live. The trauma of the Great Depression and Keynes's changed definition of economic concepts, aided by Eugen B�hm-Bawerk, have made it difficult for modern economists to