The theory of economic breakdown: an institutional-analytical approach

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Economic Theory and Policy Monetary Policy and Economic Impact Economic Theory and Institutions

Abstract

How should we do macroeconomics the evolutionary nature of 20th century capitalism a reappraisal of vertical Phillips curve analysis some basic determinants of unemployment macroeconomic performance and institutions some econometric tests of institutional influences high inflation and policy-induced high unemployment explaining the breakdown comparative performance since the breakdown a model of long-run mass unemployment choosing the future.

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