Fisher's Complete Model
Garett Jones discusses how Fisher's short paper presents a complete equilibrium story of the economy by importing the classical structure, making it easier for readers to understand. In contrast, Keynes starts anew and doesn't build a complete model, leaving many open ends. Jones also mentions how later economists attempted to close Keynes's story and make it feel more like a normal model.In this clip
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Garett Jones on Fisher, Debt, and Deflation
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