Critically evaluate the strengths and weaknesses of the New Consensus Macroeconomics (NCM) theory in light of the realities exposed by the global financial crisis of 2007/ 08. While answering the question you may consider whether a ‘paradigmatic’ shift has taken place or not, as well as account for alternative approaches and developments.
Critically evaluate the strengths and weaknesses of the New Consensus Macroeconomics (NCM) theory in light of the realities exposed by the global financial crisis of 2007/ 08. While answering the question you may consider whether a ‘paradigmatic’ shift has taken place or not, as well as account for alternative approaches and developments.
