2012•Unpublished venueRequires access
Neutrality and full employment
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Abstract
Abstract In the previous three chapters four versions of the neoclassical macro model were presented, along with a running critique. In this chapter a synthesis of the various critiques is provided by focusing upon the neutrality of money and full employment. The discussion is more easily followed by first providing a concise summary of the central features of the various models previously considered, found in Table 8.1.