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 The new classical macroeconomics movement, which began

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jancancook




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Join date : 2011-01-02

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PostSubject: The new classical macroeconomics movement, which began   The new classical macroeconomics movement, which began Icon_minitimeSat Mar 26, 2011 4:19 pm

The new classical macroeconomics movement, which began in the late 1960s and early 1970s, criticized Keynesian theories, while New Keynesian economics has sought to base Keynes' ideas on more rigorous theoretical foundations.

Some interpretations of Keynes have emphasized his stress on the international coordination of Keynesian policies, the need for international economic institutions, and the ways in which economic forces could lead to war or could promote peace.[5]

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