Abstract

A decade has passed since I first raised questions in this journal (7, p. 63) about the issue of aggregate supply and about the com mon textbook approach to this concept within the narrow confines of the simple Keynesian model without money. Kehar Sangha (11, p. 67) and W. Robert Brazelton (1, pp. 69-70) subsequently commented and expanded upon my original paper. I, in turn, responded with a rejoinder (8, pp. 84-86) and Brazelton, in like manner, with a reply (2, pp. 70-72). It seems these questions have yet to be settled, however, as now even more fuel has been added to the controversy by Robert E. McAuliffe (6, pp. 76-77) and for a second time by Sangha (12, pp. 78-81). Again I am motivated to add commentary to points that, by way of these many exchanges, seem to have evolved beyond those raised in my orig inal paper.

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