The Life Cyclists pp 107-120 | Cite as
Applications
Chapter
Abstract
In a dramatic departure, John Maynard Keynes’ approach used little mathematics, no calculus or statistics, and little of the language that had been embraced by the economics discipline by the 1930s and 1940s. Rather, Keynes used intuition to describe those phenomena that the classical model had not covered.
Keywords
Interest Rate Monetary Policy Central Bank Federal Reserve Nominal Interest Rate
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© Colin Read 2011