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Or classical political economy, is a school of thought in economics that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century.
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Keynesian economics developed during and after the Great Depression from the ideas presented by Keynes in his 1936 book, The General Theory of Employment, Interest and Money. Keynes contrasted his approach to the aggregate supply-focused…
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After his exposure to Yale’s great economists and earning his B.A. in 1963, Nordhaus decided to pursue graduate education in economics and chose the Massachusetts Institute of Technology (M.I.T.; Cambridge, MA). “M.I.T.
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