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http://bit.ly/1u5bFu Good article in Financial Times by 2006 econ nobel award winner 11/3/2009 |
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Edmund Phelps: Keynesians versus neo-classicalists misses the point. http://bit.ly/ODUOA 11/3/2009 |
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RT @Richard_Florida: Nobel economist on why both Keynesians and neoclassicals have no clue about the crisis http://tiny.cc/PhrUj (good read) 11/3/2009 |
links for 2009-11-02
Economist's View —
... CRE and the CRA - Paul Krugman
A fruitless clash of economic opposites - Edmund Phelps
No saving grace - Paul ...
Pink picks
FT Alphaville —
... bubble economy, the hype over China’s growth today should set off alarm-bells, says Tasker, Tokyo-based analyst at Arcus Research . If China continues to follow the Japanese template, the end of the dollar peg will be the trigger event, setting off a Godzilla-sized credit binge. Why would China’s rulers embark on a such a disastrous course? Because the alternative — unleashing deflationary forces stored up over years of mercantilist policies — would be too painful to contemplate. Edmund Phelps: A fruitless clash of economic opposites In the theory wars, which are as much ...
On not listening
Paul Krugman —
Edmund Phelps begins a column “explaining” disputes in economics by saying Keynesian economics, which had been nearly forgotten inside the macro field, has found new voices from outside. They take the position that fiscal “stimulus” of all kinds is effective against slumps of all causes. OK, no point in reading any further. Nobody, and I mean nobody, holds that alleged position. The position held by Keynesians — by the way, if Keynesian economics has been “nearly forgotten inside the macro field”, someone should tell ...
The Financial Times Needs to Exercise Some Quality Control...
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... A fruitless clash of economic opposites: In the theory wars, which are as much wars over policy choices, two very bad kinds of theories are driving out good theories. Keynesian economics, which had been nearly forgotten inside the macro field, has found new voices from outside. They take the position that fiscal “stimulus” of all kinds is effective against slumps of all causes... ...
