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PRELIMINARY DEFINITIONS AND CONCEPTS
THE TRADITIONAL LONGPERIOD METHOD
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Adam Smith analysis of deviations argued argument Chapter Classical Economics Classical economists commodities concept critique demand-and-supply determined discussion economic theory effective demand explanation fact factors of production framework full employment Garegnani Harrod Hayek Hicks Hicks's idea implies interest profit intertemporal equilibrium italics added italics in original Keynes Keynes's contribution Keynes's theory labour level of output Lindahl liquidity-preference theory long-period normal conditions long-period theory Malthus market rate Marshall Marx method of intertemporal monetary money-wages natural or long-period natural price natural rate notion of intertemporal orthodox marginalist theory output and employment passage principle of effective problem quantity theory question rate of interest rate of profit referred Ricardo Robertson saving and investment Say's Law tendency theory of capital theory of employment theory of interest theory of output theory of value traditional long-period method Treatise on Money uncertainty and expectations Value and Capital wages Wicksell Wicksell's writers