Time to ditch ADAS?

R.H. Grieve

Research output: Contribution to journalArticle

Abstract

Complementing previous, often ignored criticism of the AD-AS model - to the effect that this widely-used construction is inherently inconsistent - this note argues that a (rare) defence of the model by Peter Kennedy fails to convince and that the model does indeed, as alleged, give rise to confusing and misleading expositions of the working of the macroeconomy.
LanguageEnglish
Pages315-320
Number of pages5
JournalReview of Radical Political Economics
Volume42
DOIs
Publication statusPublished - Sep 2010

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Ditch
Exposition
Criticism
Peter Kennedy
Macroeconomy

Keywords

  • intermediate macroeconomics
  • AD-AS model

Cite this

Grieve, R.H. / Time to ditch ADAS?. In: Review of Radical Political Economics. 2010 ; Vol. 42. pp. 315-320.
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Time to ditch ADAS? / Grieve, R.H.

In: Review of Radical Political Economics, Vol. 42, 09.2010, p. 315-320.

Research output: Contribution to journalArticle

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