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Peter Docherty

This chapter argues that locating the main points at issue in the horizontalist–structuralist debate within a well-articulated framework that takes careful account of the analytical role of endogenous money highlights the potential for greater complementarity of and consistency between the two perspectives. The approach is to outline an essentially horizontalist theory of long-run unemployment but to show how key dimensions of structuralism are consistent with this theory on a number of points.

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Peter Docherty