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GENERAL DISEQUILIBRIUM INTERPRETATION OF KEYNESIAN MACROECONOMICS

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Date Issued:
1977
Summary:
In this thesis the literature of disequilibrium macroeconomic theory was reviewed and the empirical relevance of the Keynesian interpretation of the labor demand function was examined and contrasted to the disequilibrium interpretation of Barro and Grossman, Patinkin's disequilibrium theory of the labor market and Clower's partial disequilibrium analysis of the commodity market were examined in depth. The bulk of the literature review was devoted to the general disequilibrium model of income and employment determination developed by Barro and Grossman. Barra and Grossman's criticism of Keynes for predicting a negatively sloped labor demand function was analyzed using regression analysis to estimate the function. Barro and Grossman's criticism was found to be based on insufficient evidence, and evidence presented in this thesis supported the Keynesian position.
Title: A GENERAL DISEQUILIBRIUM INTERPRETATION OF KEYNESIAN MACROECONOMICS.
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Name(s): MONTANARO, EDWARD G.
Florida Atlantic University, Degree grantor
Stronge, William B., Thesis advisor
College of Business
Department of Economics
Type of Resource: text
Genre: Electronic Thesis Or Dissertation
Issuance: monographic
Date Issued: 1977
Publisher: Florida Atlantic University
Place of Publication: Boca Raton, Fla.
Physical Form: application/pdf
Extent: 102 p.
Language(s): English
Summary: In this thesis the literature of disequilibrium macroeconomic theory was reviewed and the empirical relevance of the Keynesian interpretation of the labor demand function was examined and contrasted to the disequilibrium interpretation of Barro and Grossman, Patinkin's disequilibrium theory of the labor market and Clower's partial disequilibrium analysis of the commodity market were examined in depth. The bulk of the literature review was devoted to the general disequilibrium model of income and employment determination developed by Barro and Grossman. Barra and Grossman's criticism of Keynes for predicting a negatively sloped labor demand function was analyzed using regression analysis to estimate the function. Barro and Grossman's criticism was found to be based on insufficient evidence, and evidence presented in this thesis supported the Keynesian position.
Identifier: 13882 (digitool), FADT13882 (IID), fau:10710 (fedora)
Collection: FAU Electronic Theses and Dissertations Collection
Note(s): College of Business
Thesis (M.A.)--Florida Atlantic University, 1977.
Subject(s): Microeconomics
Industrial organization (Economic theory)
Held by: Florida Atlantic University Libraries
Persistent Link to This Record: http://purl.flvc.org/fcla/dt/13882
Sublocation: Digital Library
Use and Reproduction: Copyright © is held by the author, with permission granted to Florida Atlantic University to digitize, archive and distribute this item for non-profit research and educational purposes. Any reuse of this item in excess of fair use or other copyright exemptions requires permission of the copyright holder.
Use and Reproduction: http://rightsstatements.org/vocab/InC/1.0/
Host Institution: FAU
Is Part of Series: Florida Atlantic University Digital Library Collections.