Nowa klasyczna makroekonomia a polityka stabilizacji gospodarczej w kapitalizmie
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Date
1987
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WydziaĆ Prawa i Administracji UAM
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New classical economics and stabilization policy
Abstract
A considerable deterioration of economic situation in the '70 was accompanied
by a gradual rebirth of classical economic conceptions. A clear example of the
above is new classical economics formulated in the USA in the '70. That trend calls
in question not only the output of Keynesian economics but also its methodological
foundations. New classical economics, like monetarism, should be included among general
equilibrium theories.
The article contains the analysis of theoretical structure of new classical macroeconomics, with the emphasis laid on the key element of that theoretical system,
namely the rational expectations hypothesis in J. F. Muth's sense.
The article also presents and analyses the new-classical invariance proposition
referring to the stabilization policy originating from Keynesian economics. Besides,
the article contains the critique of new classical economics and attempts to evaluate
the significance of that highly controversial trend for changes occurring in contemporary
macroeconomics.
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Digitalizacja i deponowanie archiwalnych zeszytĂłw RPEiS sfinansowane przez MNiSW w ramach realizacji umowy nr 541/P-DUN/2016
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Citation
Ruch Prawniczy, Ekonomiczny i Socjologiczny 49, 1987, z. 2, s. 173-187