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About: Hydraulic macroeconomics     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatEconomicTheories, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:Abstraction100002137yago:Cognition100023271yago:EconomicTheory105994935yago:Explanation105793000yago:HigherCognitiveProcess105770664yago:Process105701363yago:PsychologicalFeature100023100yago:Theory105989479yago:Thinking105770926yago:WikicatEconomicTheories New Facet based on Instances of this Class

Hydraulic macroeconomics is an informal characterization of certain types of macroeconomic study assuming aggregate social wealth (demand or supply) as somewhat smooth, constant and homogeneous. The term was first introduced as hydraulic Keynesianism by Alan Coddington in classification of theoretical research methodologies in Keynesian economics. Initially, the phrase, "hydraulic macroeconomics", was associated with Keynesian economic models that did not display household or firm optimization.