Quote: The Central Question of Macroeconomics

“The central question of macroeconomics, in our view, is why and how the processes of economywide coordination – Schumpeter’s  multilateral clearing, notably – sometimes suffer impairment” (p. 455).

Shah, P. J.; Yeager, L. B. (1994): Schumpeter on Monetary Determinacy. In: History of Political Economy 26 (3), S. 443–464. DOI: 10.1215/00182702-26-3-443.

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