4.What is meant by the term neoclassical counterrevo- lution? What are its principal arguments, and how valid do you think they are? Explain your answer.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter26: The Neoclassical Perspective
Section: Chapter Questions
Problem 10RQ: Do neoclassical economists tend to focus more on long term economic growth or on recessions? Explain...
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4.What is meant by the term neoclassical counterrevo-
lution? What are its principal arguments, and how
valid do you think they are? Explain your answer.

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