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A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Monday, March 31, 2014

What is Monetarism?

Sarwat Jahan and Chris Papgeorgiou writes the article 'What is Monetarism?' in the Back to Basics section of the Financial & Development, IMF. One may consider this as the part of economic history lesson, and to get the real sense on the much talked distinction between Keynesianism and Monetarism in the economics debate.

[FYI: Ms. Sarwat Jahan is a former graduate from the Department of Economics, University of Dhaka]

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