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How would modern macroeconomic schools of thought respond to the recent economic crisis?


Abstract: What would some of the most famous economists, such as John Maynard Keynes, Milton Friedman, and Adam Smith, and their followers say about the current financial and economic crisis? The November 2009 newsletter essay by Michelle Armesto outlines their probable responses.

Keywords: Economic history; Financial crises;

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Provider: Federal Reserve Bank of St. Louis

Part of Series: Liber8 Economic Information Newsletter

Publication Date: 2009

Issue: Nov