The Original Construction of Lonergan's Exchange Structure Model

Journal of Macrodynamic Analysis 5:69-93 (2010)
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Abstract

An interpretation of Bernard Lonergan's argument for the Exchange Structure Model as it was originally constructed in "For a New Political Economy." The text reveals the steps whereby Lonergan established a fully dynamic foundation for macroeconomics. The author argues that Lonergan's two-circuit approach offers a paradigm shift in the procedures of economic modeling

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