Friday, January 15, 2010

Long run

When we are all dead, according to Keynes. Un¬impressed by the thrust of classical economics, which said that economies have a long-run tendency to settle in equilibrium at full employment, he wanted economists to try to explain why in the short run economies are so often in disequilibrium, or in equilibrium at high levels of unemployment.

0 comments:

Post a Comment

 
Copyright 2009-10 UMRU AYAR.