The Coordination Problem in the Stockholm School

Romar Correa

doi:10.1515/jheec-2015-0016

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The Coordination Problem in the Stockholm School

Journal of Heterodox Economics

Volume 2 (2015): Issue 2 (December 2015)

By: Romar Correa

Open Access

|Oct 2016

Abstract

We revisit the Stockholm School of Economics with first principles. The objective is a rendition of a cumulative Myrdal-Wicksell process. To that end, we derive heterogeneous responses of consumers and producers to changes in the state of the world and define a Myrdal-Keynes equilibrium.

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