Koo, Richard C.- The Holy Grail of Macroeconomics

John Wiley & Sons, 2009, [Economics] Grade 4

In the end, an economic theory is just as good as its basic assumptions. One of the core assumptions for almost all Economists is the belief that all corporations always try to maximize profits. Is that assumption always valid? No, argues Richard C. Koo, Nomura’s Chief Economist. A few times during a...  Further reading...  Link to Amazon...