Aggregate Demand-Supply Analysis and Its Critics: An Evaluation of the Controversy
AbstractWhile acknowledging that the AD-AS model is sometimes applied carelessly, this note defends this analytical framework against charges that it is internally inconsistent, empirically unrealistic, and unable to clarify major controversies in macroeconomic theory and policy. JEL classification: A22, B22, E10
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Bibliographic InfoArticle provided by Union for Radical Political Economics in its journal Review of Radical Political Economics.
Volume (Year): 42 (2010)
Issue (Month): 3 (September)
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intermediate macroeconomics; AD-AS model;
Find related papers by JEL classification:
- A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
- B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
- E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
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- Roy H Grieve, 2014. "â€˜Right Back Where We Started Fromâ€™: from â€˜the Classicsâ€™ to Keynes, and back again," Working Papers, University of Strathclyde Business School, Department of Economics 1401, University of Strathclyde Business School, Department of Economics.
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