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....aldor who believed Keynesian economics was based on disequilibrium and uncertainty, and that challenges the general equilibrium assumptions of neo-classical theory. The main aim of post-Keynesian economics is to complete the unfinished Keynesian revolution.
Post-Keynesian economists fundamentally used ideas from Keynes.... Part 2 of Paper
....eory to explain what caused the observable movement of the economic system to change overtime. The Harrod-Domar formula, in which the growth rate as the dependent variable, is determined by the propensity to save and the incremental capital/output ratio.2
eThe Accumulation of Capitalf by Robinson and eReview of Economic studiesf by Kaldor were two key writings, which appeared in 1956. Both explained about the distinction between wages and profits in the work of Kalecki to explain an impo.... |
| Number of words: 1329 - Approximate pages: 5 |
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