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Mathematical Analysis of the Paradigm Shift

  • Kaoru Yamaguchi,
  • Yokei Yamaguchi

摘要

first devised by Hicks (1937) based on his interpretation of the General Theory (Keynes, 1936), has played a central role in the history of economic thoughts. Even today, it is arguably the most popular model taught in undergraduate macroeconomic courses as a comparative statics method.