by Summary:
I outline the Mainstream (or “Neoclassical”, though the Mainstream has a very narrow definition of what “Neoclassical means) approach, starting from the fundamental question that Walras set as his way to comprehend the economy, “Can a system of free markets reach a set of prices that ensures that supply equals demand in all markets?”. The ...
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I outline the Mainstream (or “Neoclassical”, though the Mainstream has a very narrow definition of what “Neoclassical means) approach, starting from the fundamental question that Walras set as his way to comprehend the economy, “Can a system of free markets reach a set of prices that ensures that supply equals demand in all markets?”. The ...
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Steve Keen considers the following as important:
This could be interesting, too:
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