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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Opposing Keynesianism: New Classical Macroeconomics from,, Through ,, to, and (the So Called) eynesian ideas. The label attached to this new tendency, New Keynesian macroeconomics (NK), was confusing to many. New Classical macroeconomists directed severe criticisms at Keynesian economics. One of the better-known disputes emerged in 1978, when Lucas and Sargent presented a renowned paper enti

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How Did Micro Come to Reign over Macro Again? On Microeconomics, Macroeconomics and Microfoundationsencies were more radical in adopting a micro perspective in the analysis of the whole economy, some were less, particularly concerning macro policies. The birth of macroeconomics after the 1936 ., adopting a non-micro perspective for the analysis of whole economies in what was a clear break from wha