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It is likely that many modern economists would have no difficulty accepting Hayek's statement of the problem (of macroeconomics) as roughly equivalent to their own. Whether or not this is so, I wish … to argue that it should be so, or that the most rapid progress toward a coherent and useful aggregate economic theory will result from the acceptance of the problem statement as advanced by Hayek .
Robert Lucas, Jr., in "Understanding Business Cycles", in Studies in Business-Cycle Theory (1981), p. 216 | ||
