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Hicks-Hansen Theory | Economics

The two economists after Keynes, J. R. Hicks (1904-1989) and Alvin Hansen (1887-1975), have shown that although both the classical and r Keynesian theories of interest are indeterminate, they together may give us a complete and determinate theory of interest. The theory of Hicks and Hansen, made up of these two theories, is known as […]

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