Titlebook: Competing Schools of Economic Thought; Retrospect and Prosp Lefteris Tsoulfidis Textbook 2024Latest edition The Editor(s) (if applicable) a

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Disequilibrium Macroeconomics: From Its Brief AscentClower to the Rapid Decline,because the rate of interest is in the liquidity trap region, or, perhaps even worse, a combination of rigidity of money wages and liquidity trap interest rate. However, once the economy is at its full employment stage, through appropriate government intervention, the system operates according to (neo)classical theory.

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The Structure of Classical Theory,re, input-output analysis and advanced mathematical and quantitative methods have enriched the classical economic analytical framework, allowing for distinct comparisons with neoclassical alternatives.

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Between Competition and Monopoly,on of monopolistic or imperfect competition. His suggestion was pursued by economists in Cambridge England (mainly J. Robinson and Richard Kahn) during the 1930s. In the same time period, in Cambridge–Massachusetts, we had the monopolistic competition revolution (mainly E. Chamberlin, J. Bain). Thes

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The Real Business Cycles Approach,ussion then turns to the exploration of the causes of business cycles, differentiating between real and monetary factors, and the separation of cycles from growth (trend). A brief overview of RBC simulation models is presented, followed by an examination of the policy implications associated with RB

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