gregmankiw.blogspot.com - 1/27/2009
—
Via NYU prof Mario Rizzo , here is John Maynard Keynes of 1942, six years after The General Theory : Organized public works, at home and abroad, may be the right cure for a chronic tendency to a deficiency of effective demand. But they are not capable of sufficiently rapid organisation (and ...
Comments
Blog Reactions
Remember history when thinking of Keynes economics
The visible hand in economics —
Over at Think Markets Mario Rizza follows the advice of Paul Krugman and discusses what Keynes has actually said about infrastructure spending (ht Greg Mankiw):
Organized public works, at home and abroad, may be the right cure for a chronic tendency to a deficiency of effective demand. But they are not capable of sufficiently rapid organisation (and above all cannot be reversed or undone at a later date), to be the most serviceable instrument for the prevention of the trade cycle
So infrastructural ...
Related Content
The Keynesian moment
krugman.blogs.nytimes.com 11/30/2008 — Greg has this exactly right:
IF you were going to turn to only one economist to understand the problems facing the economy, there is little doubt that the economist would be John Maynard Keynes. Although Keynes died more than a half-century ago, his ...
That's the Keynesian Spirit!
blog.mises.org 1/27/2009 — The Arlington (Va.) Connection reports that Congressman Jim Moran convened an "emergency meeting of local leaders" last week to discuss the best way to carve up funds from the yet-to-be-passed Democratic "stimulus" package:
The bill, which was ...
It's All Perspective
adamsoptions.blogspot.com 1/7/2009 — OK, up top we have a 6 month VIX chart from yesterday. Down below, pretty much the same chart, but 6 month's looking back after the January08 pop. And yes, the VIX sits now about where it sat then. Amazing how different it seems though, Last year we ...
Can the US economy afford a Keynesian stimulus?
blogs.ft.com 1/5/2009 — Economic policy is based on a collection of half-truths. The nature of these half-truths changes occasionally. Economics as a scholarly discipline consists in the periodic rediscovery and refinement of old half-truths. Little progress has been ...
Does mercantilism work in a Keynesian world?
rodrik.typepad.com 12/6/2008 — Yes it does. And not just in theory, but also in practice. The evidence comes from the 1930s, and from the work of Ben Bernanke himself (along with other scholars like Barry Eichengreen). The important finding is that countries that devalued ...
Follow WallStreetBlips on Twitter
