If I have correctly interpreted the primary emphasis of Keynes's policy initiatives and the basic approach of his theoretical argument, then there can be no question that 'Keynesian' economics bears only the slightest similarity to Keynes's economics. Moreover, the reality is that the ...
The phone conversation about “limelight” must have been in the summer. Oddly enough, I was at Ithaca from Blacksburg teaching History of Economic Thought for a semester in the Economics Department because, from my point of view I could talk to Max Black in Philosophy, and from Cornell’s ...
Understanding this issue is not merely a matter of recognizing causality (in other words, a strong economy leads to more consumer spending, not the other way around). It also helps to understand why Keynesian economics is misguided. Simply stated, you don’t increase national income by having ...
Keynesian Uncertainty and the Weight of Arguments, Economics and Philosophy 6, 277-292.Runde, Jochen. 1990. Keynesian uncertainty and the weight of arguments. Economics and Philosophy, 6 (2): 275-292.Runde, J., 1990, Keynesian uncertainty and the weight of arguments, Econom...