Abstract
Except for a few brief years in the 1930s, the development of monetary theory and international trade theory has been dominated by a pre-Keynesian, i.e. neoclassical, logic. This analytical approach may have been useful as a rough approximation a century or more ago when agricultural products made up a large proportion of the gross national product and economic and financial affairs were organised on a significantly different basis than currently.
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Solving the Crisis in Economic Theory
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© 1992 Paul Davidson
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Davidson, P. (1992). Solving the Crisis in Economic Theory. In: International Money and the Real World. Palgrave Macmillan, London. https://doi.org/10.1057/9780230378094_1
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DOI: https://doi.org/10.1057/9780230378094_1
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