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|WikiProject Economics||(Rated C-class, High-importance)|
Small error I found: In the shifts of AD curve. The curve shifts right when there is a decrease in nominal money supply, not the other way around. — Preceding unsigned comment added by 18.104.22.168 (talk) 21:45, 19 January 2013 (UTC)
What needs to be done
First of all, I dared to upgrade this articles importance. This is one of the most widely recognized economic models, it deserves more than mid! Second, whoever wrote it, thanks for the equations, but please include a legend telling which variable means what. Every textbook uses different letters, so it's not universally understandable. Third, source the equations.
Instead of having equations that have no legend on them, how about we use the AD AS relation in a general form.
Where Y is Output, is Real Money Stock, G is Government spending, T is Taxes, P is Price level, Pe is Price level expected, is the wage markup, L is Labor, and z is a wage catch all variable. Crimsonedge34 (talk) 19:25, 18 September 2009 (UTC)
Look out for possible copyright violations in this article
This article has been found to be edited by students of the Wikipedia:India Education Program project as part of their (still ongoing) course-work. Unfortunately, many of the edits in this program so far have been identified as plain copy-jobs from books and online resources and therefore had to be reverted. See the India Education Program talk page for details. In order to maintain the WP standards and policies, let's all have a careful eye on this and other related articles to ensure that no material violating copyrights remains in here. --Matthiaspaul (talk) 12:29, 1 November 2011 (UTC)
Dr. Grieve's comment on this article
Dr. Grieve has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:
The present Wikipedia entry on the ADAS model is quite inadequate. It fails to place the model properly in context. For one thing, it describes the model as based on the thinking of Keynes, whereas the conception which informs it is much closer to that of Professor Pigou, whose work was the target of Keynes's attack in the General Theory. For another, the entry completely ignores the fact that the ADAS model is widely criticised as being an incoherent attempt to combine two quite different and incompatible macroeconomic theories in one construction: the curves AD and AS are not, as they purport to be, demand and supply schedules, but "aggregate equilibrium curves" which each show output (not demand and supply) as a function of the price level. There is a need to warn readers of the suspect nature of this construction.
We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.
We believe Dr. Grieve has expertise on the topic of this article, since he has published relevant scholarly research:
- Reference : Roy Grieve, 2009. "THE TEXT BOOK BLACK MAGIC or how to make the Keynes theory disappear," Working Papers 0911, University of Strathclyde Business School, Department of Economics.