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- The Debate over the Stimulus Plan
- Our optimist, Professor Menzie Chinn of the University of Wisconsin, sees a bold investment that came not a moment too soon. Our skeptic, Garett Jones of George Mason University, smells a boondoggle. Follow their debate and decide for yourself who's right…When the president signed the American Recovery and Reinvestment Act...
- Articles 2009-03-17
Additional Resources
- Prime Minister Rudd's Growth Gap Myth
- Gerard Jackson submits: According to Prime Minister Rudd there is a global "growth gap" and massive government intervention is needed "if the demand-side gap is to be met and massive unemployment is to be avoided. Naturallly, Mr Rudd has the solution: "Classic Keynesianism, pure and simple." (Kevin Rudd, The Monthly,...
- External links 2009-02-17
- Kaldor's death. (Nicholas Kaldor)(Beat the Devil)
- Kaldor's Death With the death of Nicholas Kaldor, the last giant of the University of Cambridge economics department has gone. Preceeding him to the grave were Maurice Dobb, Joan Robinson and Piero Sraffa. These people carried forward the tradition of left Keynesianism, which...
- Research articles 1986-10-25
- The Economics Prize, fortunately, is more serious
- * The Economics Prize, fortunately, is more serious. The latest one went to Edward Prescott, an adviser to the Federal Reserve Bank of Minnesota, and Finn Kydland of Carnegie Mellon University. Their work contributed to the dethroning of the orthodox Keynesianism regnant after World War II. And they are still...
- Research articles 2004-11-08
- The end of Keynesianism as employment policy
- While unemployment in the Organization for Economic Cooperation and Development OECD countries has been well documented, few critics recognize the member nations' growing inability to absorb new and redundant workers during the economic expansion of the 1980's. But John Cornwall, in The Theory of Economic Breakdown: An Institutional-Analytic Approach,(1) and...
- Research articles 1992-12-01
- Krugman on What To Do Now
- Paul Krugman on our "new era of depression economics" and what to do about it is shocking and dismaying, and probably close to right. We need a rescue operation for the economy, he says, and that means a massive capital injection into the system. Only, he thinks what we've proposed...
- Blog posts 2008-11-25
- Germany Is Fighting With Europe, Can China Be Far behind?
- Michael Pettis submits: Earlier this week Ambrose Evans-Pritchard had an article in the UK paper The Telegraph which starts off with “For the first time in my life, I am starting to feel twinges of anti-German sentiment.” The article goes on to lambaste the German government, and especially German...
- External links 2008-12-17
- What Keynesian Actions Should the Government Take?
- Brad DeLong submits: Since I agree with Professor Luigi Zingales's points that i the economic profession has not reached a consensus on Keynesian positions; ii there exists no consensus among economists that the causes of the current crisis are Keynesian, it is not possible for me to rebut...
- External links 2009-03-09
- Adam Smith Was No Fan of Free Markets
- Amartya Sen takes on free-market orthodoxy by looking at what its patron saint, Adam Smith, had to say. In Capitalism Beyond the Crisis, Sen uses a Smithian prism to look at three big questions: 1. Do we need a new capitalism? ...
- Blog posts 2009-03-26
- Money makes the world go round?
- AS we went through two major schools of thought in my last article, Looking Back (MB, May 16), readers will now realise that Keynesianism emerged as an important ideology during the Great Depression of the 1930s. John Maynard Keynes, a brilliant British economist, indeed...
- Research articles 2003-06-16
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