Neo-Keynesian Criticisms of Neo-classical Theory

  • Graham Hacche


Chapter 3 showed how, in the mid-1950s, neo-classical growth theory emerged from the view that for long-run analysis it was appropriate to relax the Harrod-Domar assumption of fixed coefficients, legitimate to ignore Keynesian problems, and natural to assume that prices and distribution are determined by the equilibration of competitive product and factor markets.


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© Graham Hacche 1979

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  • Graham Hacche

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