Pkt

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Title: Pkt

Essay Details:

Subject: Miscellaneous

Author: John G

Date: September 26, 2016

Level:

Grade: A

Length: 5 / 1294

Essay text:

They also revived the classical link between macroeconomic theories of income distribution and economic growth using Keynesian analysis. They emphasised that the role of financial markets and rejected the quantity theory of money, preferring effective demand as the major influence on income distribution.1 FOUNDATION?@OF?@POST?|KEYNESIAN?@ECONOMIC MAJOR DEVELOPMENTS In 1930s, Harrod?fs work on growth dynamics was the first development of post-Keynesian economic which distinct from Keynesian analysis. The prevailing theory in economics was static rather than dynamic. Harrods?f argued what was needed is a body of theory to explain what caused the observable movement of the economic system to change overtime...

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