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Cover of Structural slumps

Structural slumps

by Edmund S. Phelps

1994 420 pages eng

Dissatisfied with the explanations of the business cycle provided by the Keynesian, monetarist, New Keynesian, and real business cycle schools, Edmund Phelps has developed from various existing strands - some modern and some classical - a radically different theory to account for the long periods of…

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