Some economists are fierce critics of theory-free econometrics.. ... Possible sanctions include limiting export or import trade with the target; constraining ... This belief underpins ARBITRAGE PRICING THEORY, the CAPITAL ASSET PRICING MODEL ... KEYNES questioned whether the economy always moved to equilibrium, ...
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As we shall see, in keynesian economics, the state of animal spirits is vital.
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Jul 28, 2013 — Were these two touchstones of economic thought really so different? ... Adam Smith and John Maynard Keynes are two of the most famous ... The Great Depression was precipitated by the infamous stock market crash of 1929.
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