Keynesianism in One Country
Lester Thurow, 1 September 1983
Macroeconomics
by Wynne Godley and Francis Cripps.
Oxford, 315 pp., £9.95, May 1983,0 19 215358 7 Show More
by Wynne Godley and Francis Cripps.
Oxford, 315 pp., £9.95, May 1983,
“... can also be built with hypotheses that do not lead to the Keynesian result. Godley and Cripps may see their model as a ‘non-denominational’ model, but every monetarist or rational-expectationist is going to see it as a Keynesian economic model. Keynesian assumptions in; Keynesian results out. The point is that the existence of a financial sector does ... ”