El principio de la demanda efectiva. ¡La demanda efectiva es un punto!
This article builds a historical and theoretical journey in its proposal to question the derivation and therefore, the teaching of the IS-LM aggregate demand and supply model as well. An exhaustive presentation is made of each stage of definition, construction and formulation to form the IS-LM model...
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| Format: | Digital |
| Language: | spa |
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UNIVERSIDAD ANTONIO NARIÑO
2019
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| Online Access: | https://revistas.uan.edu.co/index.php/papeles/article/view/584 |
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| Summary: | This article builds a historical and theoretical journey in its proposal to question the derivation and therefore, the teaching of the IS-LM aggregate demand and supply model as well. An exhaustive presentation is made of each stage of definition, construction and formulation to form the IS-LM model (from Keynesian legacy in The General Theory of Employment, Interest and Money) to show how its construction suffers from a serious logical inconsistency. A reformulation is proposed in the construction and teaching of the model: “not only should the conventional model of aggregate supply and demand of textbooks be abandoned, but also the 45-degree Keynesian income-expense or cross scheme and of course the model IS-LM.” |
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