As the interest in macroeconomics atracted more economists, many became unsatisfied with explanation of economic events and remedial policy prescribed by the established macroeconomic theory...Pre-1930s
Classical Economics
1930s-1970s
Keynesian Economics
Challengers of Keynesian:
Monetarism
New Classical Economics
Counter-Challengers:
Real Business Cycle Theory (strong root in Classical)
New Keynesian Theory (strong root in Keynesian)
Check how each group proposed their own explanations on economic events from 1970s to the 1990s, abd remedial prescriptions.
No comments:
Post a Comment