Edited by John B. Davis and D. Wade Hands
Chapter 19: The Dismal State of Macroeconomics and the Opportunity for a New Beginning
19 The dismal state of macroeconomics and the opportunity for a new beginning L. Randall Wray 19.1 INTRODUCTION The Queen of England famously asked her economic advisors why none of them had seen ‘it’ (the global financial crisis) coming. Obviousl...
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