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Exactly right. And the IS/LM model, which is Hicks's interpretation of Keynes's General Theory, is the basis of current macroeconomic theory.
by lottin 8y ago
Exactly right. And the IS/LM model, which is Hicks's interpretation of Keynes's General Theory, is the basis of current macroeconomic theory.
- nickik 8y agoPeople always talk about Keynes but its really Hicks interpretation that got everybody on that track.