Economics
Advertisement

Definition[]

Three types:

  1. Keynesian: There are points of rest which occur in the macroeconomy. Government involvement can choose more beneficial states of rest than others.
  2. Mises: Evenly roatating economy - ?
  3. Traditional: A point of tendency with momentum (gravity) tending towards it.

Nhu says that Keynesianism is a theory of disequilibrium, even though he thinks we are in some sort of equilibrium at all times. Therefore, disequilibrium cannot persist. she troll.

This macro-stub needs improving.
Advertisement