In this book, we attempt to make a comparative evaluation of modern macroeconomic
schools: Monetarism and New Classical School based on the Classical System that envisage
automatic full employment or natural rate of unemployment (NRU) equilibrium (AFNE or
ANRUE) vs. New Keynesian and Post-Keynesian Economics based on the Keynesian System
which gives unemployment equilibrium (UNE) or non-automatic NRU equilibrium
(NANRUE) due to insufficiency of aggregate demand.
In ...