26 December 2017 4 847 Report

Enthusiasts for the old classical (Say's Law) approach, such as Steven Kates and James Ahiakpor, seem to believe that it is virtually impossible for macroeconomists brought up in the Keynesian tradition to grasp the true meaning of the arguments of the old classical authors such as Say and J S Mill. In other words modern writers condemn their classical predecessors without properly understanding what they were getting at.

Does that contention make any sense?

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