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Why the debate between Keynesian and orthodox economics matters

The Hindu
Published 15 Oct 2026, 4:11 am·2 d ago·1 min read
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Keynes-Kalecki framework holds that demand, in particular private investment, shapes short-term fluctuations as well as long-term growth, unlike orthodox approaches that see supply as determining long-term growth; shift towards inflation targeting coincided with falling wage shares and greater burden on workers

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