The Theory and Models of Keynesian Disequilibrium MacroeconomicsTianhao Zhi*
School of Business, The University of Technology, Sydney, New South Wales, Australia
- *Corresponding Author:
- Tianhao Zhi
School of Business
The University of Technology
Sydney, New South Wales, Australia
Tel: +61 413581736
E-mail: [email protected], [email protected]
Received date February 20, 2016; Accepted date February 27, 2016; Published date February 29, 2016
Citation: Zhi T (2016) The Theory and Models of Keynesian Disequilibrium Macroeconomics. Int J Econ Manag Sci 5:325. doi:10.4172/2162-6359.1000325
Copyright: © 2016 Zhi T. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
This paper critically reviews and examines the relationship between the origin of disequilibrium macroeconomic thinking by John Maynard Keynes, and the development of Keynesian disequilibrium macroeconomic models. Given that the two strands of literature are both plentiful, I will focus on discussing the essence of Keynesian disequilibrium thinking, and its implications of relevant models in the context of Keynes-Metzler-Goodwin and Weidlich-Haag-Lux approaches.