Abstract
Alfred Eichner died in February 1987. His greatest legacy to the economics profession therefore must be his students rather than his ideas. Because he died before his full potential was developed, it is my view that the concepts and approaches to economics that he was struggling with had not yet been fully fleshed out. I know that Alfred still had an open mind on many issues and that he was still willing to learn and eagerly absorbing new material. Accordingly almost all that he wrote was still in the formative stage. And nowhere is this more true than in his provisional text entitled The Macrodynamics of Advanced Market Economies (1987).
This paper was published in The Megacorp and Mainstream Economics, by W. Milberg (ed.) (Armonk: M. E. Sharpe, 1992).
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References
Eichner, A. E. (1987), The Macrodynamics of Advanced Market Economies (New York: M. E. Sharpe).
Friedman, M. (1957), Theory of Permanent Income (Princeton: Princeton University Press).
Friedman, M. (1974), ‘A Theoretical Framework for Monetary Analysis’, in Milton Friedman’s Monetary Framework: A Debate with his Critics, by R. J. Gordon (ed.) (Chicago: University of Chicago Press).
Keynes, J. M. (1936), The General Theory of Employment, Interest and Money (New York: Harcourt Brace).
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© 1999 Paul Davidson
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Davidson, L. (1999). Eichner’s Approach to Money and Macroeconomics. In: Davidson, L. (eds) Uncertainty, International Money, Employment and Theory. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-14991-9_14
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DOI: https://doi.org/10.1007/978-1-349-14991-9_14
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