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Macroeconomics of the general theory

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The age following Keynes joined the macroeconomics of the General Theory with neoclassical microeconomics to make the neoclassical combination. By the 1950s, most financial specialists had acknowledged the blend perspective on the macroeconomy. Economists like Paul Samuelson, Franco Modigliani, James Tobin, and Robert Solow created proper Keynesian models and contributed conventional hypotheses of utilization, speculation, and cash request that fully explored the Keynesian framework.

Reference no: EM133164652

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