Abstract
We now wish to recapitulate the main features of our method and of our models. Since it was argued in Chapter 1 that our method shared many features with Tobin’s New Haven approach, we shall emphasize here how and why our models are still distinct from those of Tobin. Indeed, we strongly believe that the closure of our models, as well as their spirit, make them indeed quite distinct. The reader having now gone through the various chapters and experiments that were conducted there should be able to appreciate the distinctions that we are about to claim. It should be understood that in several instances it is the features of the more sophisticated and realistic models, those presented in the later chapters, that are under consideration. We shall refer to the models enclosed in the present book as the G&L models.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 2012 Wynne Godley and Marc Lavoie
About this chapter
Cite this chapter
Godley, W., Lavoie, M. (2012). General Conclusion. In: Monetary Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-137-08599-3_13
Download citation
DOI: https://doi.org/10.1007/978-1-137-08599-3_13
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-230-30184-9
Online ISBN: 978-1-137-08599-3
eBook Packages: Palgrave History CollectionHistory (R0)