Thursday, February 10, 2011

Macro economics as kitchen sink!!

I always find confusing (rather gets confused by self-proclaimed economists..............i believe every rational human being is an economist) to distinguish the schools of thought especially in macro economics. This is particularly so in the case of Neo-Keynesian and New Keynesian thoughts. Karl Smith (Professor, University of North Carolina) made a nice attempt and drew a flow chart. [LINK]

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