The New Classical Counter-Revolution: False Path or Illuminating Complement?

@article{Snowdon2007TheNC,
  title={The New Classical Counter-Revolution: False Path or Illuminating Complement?},
  author={B. Snowdon},
  journal={Eastern Economic Journal},
  year={2007},
  volume={33},
  pages={541-562}
}
  • B. Snowdon
  • Published 2007
  • Economics
  • Eastern Economic Journal
In this paper the author responds to Laurence Seidman’s recent article, ‘The New Classical Counter-Revolution: A False Path for Macroeconomics’. The author challenges the view that new classical macroeconomics has been a false path and provides a critique of Seidman’s arguments with respect to his interpretation of the 1970s ‘stagflation’, the relevance of new classical macroeconomics for practical policymaking, the contribution of real business cycle theory, and the new classical content of… Expand
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