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"There is almost no mention of inflation in The General Theory" Combined with the apparent lack of explanation for bubbles, doesn't that meant there is a gigan
by cojadate 17y ago
"There is almost no mention of inflation in The General Theory"
Combined with the apparent lack of explanation for bubbles, doesn't that meant there is a gigantic gaping hole in the entire theory?
I don't quite see why The General Theory was enough to convert Posner to Keynesianism.