An Analysis of Paul Krugman's Macroeconomic Theory

Lance Taylor
Written By SCEPA

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Lance Taylor, SCEPA Faculty Fellow and Economics Professor Emeritus at The New School, analyzes Paul Krugman's "IS/LM" macroeconomic model.

His analysis includes a discussion of the theory's origins in the history of economic thought and ends in a critique that the policy implications may not be robust.

SCEPA
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