Why the debate between Keynesian and orthodox economics matters
Keynes-Kalecki framework holds that demand, in particular private investment, shapes short-term fluctuations as well as long-term growth, unlike orthodox…
The Hindu reports: Keynes-Kalecki framework holds that demand, in particular private investment, shapes short-term fluctuations as well as long-term growth, unlike orthodox approaches that see supply as determining long-term growth; shift towards inflation targeting coincided with falling wage shares and greater burden on workers.
This world story centres on India.
Why it matters
International developments of this kind are often followed closely by governments, aid organisations and global markets.
Key details
- Location
- India · Asia
- Reported by
- The Hindu
- First reported
- Key names
- Keynesian
- Section
- World
Sources
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