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Reflections on Monetarism, Stagnation and Other North American Exports.

Authors :
Nordhaus, William D.
Source :
International Social Science Journal. 1983 35(3):493-506.
Publication Year :
1983

Abstract

The major new development in American economics is the abandonment of neo-Keynesian economics and the reliance on modern monetarism and the rational expectation approach. The result is a stagnant economy with high unemployment. The reasons for this change and its implications are discussed. Suggestions for change are made. (IS)

Details

Language :
English
Volume :
35
Issue :
3
Database :
ERIC
Journal :
International Social Science Journal
Publication Type :
Editorial & Opinion
Accession number :
EJ292258
Document Type :
Opinion Papers<br />Journal Articles