James Ahiakpor “Classical Macroeconomics: Some Modern Variations and Distortions ”
Routledge | 2003-07-23 | ISBN: 0415771102 | 288 pages | PDF | 2,9 Mb
John Maynard Keynes failed to correctly interpret classic economic concepts, and dismissed the classical explanations and conclusions as being irrelevant to the world in which we live. The trauma of the Great Depression and Keynes’s changed definition of economic concepts, aided by Eugen Böhm-Bawerk, have made it difficult for modern economists to fully appreciate the classical insights.
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