An important inconsistency at the heart of the standard macroeconomic model

Journal of Post Keynesian Economics

Volumn 24, Issue 3, 2002, Pages 423-437

  Godley, Wynne ^a   Shaikh, Anwar ^a  

^a NONE

Author keywords

Flow of funds; Macroeconomic models; Monetarism; Neoclassical economics

Indexed keywords

EID: 0036004851     PISSN: 01603477     EISSN: None     Source Type: Journal    
DOI: 10.1080/01603477.2002.11490334     Document Type: Article

References (7)

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4. McCafferty, S. Macroeconomic Theory. New York: Harper and Row, 1990.
5. Modigliani, F. "The Monetary Mechanism and Its Interaction with Real Phenomena." Review of Economics and Statistics, 1963, 45 (supplement), 79-107.
6. Patinkin, D. "Keynesian Economics and the Quantity Theory of Money." In K. Kurihara (ed.), Post-Keynesian Economics. New Brunswick, NJ, Rutgers University Press, 1954, 123-152.
7. _. Money, Interest, and Prices: An Integration of Monetary and Value Theory, 2d ed. New York: Harper and Row, 1965.