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Examples
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So, if you mean that (neo -) keynesianism is over and we have a bunch of Taliban left over, that's true, but if you mean that macroeconomics or econometrics is passe, new classicals (e.g.: Sargent, Prescott, Lucas) and new keynesians (e.g. Mankiw) will certainly disagree.
Old-time Macro Religion, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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Actually, you forgot to say that in Keynes's and in keynesians' too vision wages are rigid, so the neoclassical suggestion of decresing them to offer incentive of producing to the entrepeneur doesn't work in his mind.
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Increasing taxes is just the same as an increase in interest rates, despite the deliberate ignorance of keynesians to actual reactions.
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You see, here, in Brazil, heterodox is not more not less than marxists or post-keynesians.
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You and your fellow keynesians have tried everything to make us spend more money and the results have been rubbish.
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You and your fellow keynesians have tried everything to make us spend more money and the results have been rubbish.
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Something proving keynesians know what the hell they're talking about. on 03 / 27 / 2009, -2 / +4Bill,
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The middle class and the poor outnumber the rich, and the keynesians will always win elections (If they were fair).
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The middle class and the poor outnumber the rich, and the keynesians will always win elections (If they were fair).
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We're all supposed to be keynesians now, so we should understand that government spending creates short-term economic stimulus, which is one reason the Bush-era bubble took so long to burst.
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