The shaky supply side. On neoclassical “anomalies” in macroeconomic theory
DOI:
https://doi.org/10.13133/2037-3643/10638Keywords:
Supply-side, General Theory, KeynesAbstract
It is notable that neither the “New Classicals” nor the “New Keynesians” take much notice of Keynes’ important article of 1939, where he self-criticised precisely the supply-side assumptions in his General Theory. The present work deals with some of these problems, making references particularly to Keynes’ 1939 article and to empirical studies with a bearing on the supply-side postulates in macroeconomics.
JEL: E12
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