Friday, March 8, 2019

Keynesian Economics: Back from the Dead

The Godley-Tobin Lecture by Bob Rowthorn, to be published by the Review of Keynesian Economics.

Rowthorn suggests that many Keynesian features are part of the mainstream now, in particular showing a stable Phillips Curve without a natural rate. I remain more skeptical about the return of Keynesianism within the mainstream, but worth listening to his thoughts.

No comments:

Post a Comment

Some unpleasant Keynesian arithmetic

By Thomas I. Palley (Guest Blogger) The last decade has witnessed a significant revival of belief in the efficacy of fiscal policy and ma...