Titlebook: Debates in Macroeconomics from the Great Depression to the Long Recession; Cycles, Crises and P Arie Arnon Book 2022 The Editor(s) (if appl

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978-3-030-97705-4The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl

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Springer Studies in the History of Economic Thoughthttp://image.papertrans.cn/d/image/264031.jpg

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Eastern Europe: Progress and Problems in later years. In his acclaimed treatise on monetary theory, . (1898), Wicksell reevaluated the debates among the Classicals, who did not provide satisfactory answers to the determination of the price level. Wicksell suggested an alternative innovative approach based on his “two rates” theory. Wic

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Dangerous Language or Language of Hope?930s for his role in the debates on economic theory and policy. In ., written before the Great Depression, Hayek made the case that a theory, described by him as “a monetary explanation of the trade cycle,” was preferable to its alternatives, described as “real” explanations. Furthermore, he argued

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