keynesian economics

If Keynes didn't even believe his own voodooWoo , how and why do so many people still think anything he said has any relevance at all to successful economic policies? and especially so now that the whole system has been so thoroughly discredited? (failed) videos show Hayek talking about...

His Greatness the Krugman posted this to explain his "aliens" talk connection to traditional Keynesian explanation (by Keynes himself) of how to stimulate downtrotten economy even with a "useless" activity. http://krugman.blogs.nytimes.com/2011/08/24/coalmines-and-aliens/ I think it's an...

How The Other Half Thinks By Paul Krugman Neener, neener, neener! :hit:

Austerity Does Not Produce Prosperity Is Kuttner right? I understand that austerity will cause a recession, but if there's a serious misallocation of resources caused by too much government-sponsored make-work, a recession may be the only cure to free up those resources so that they can be...

I’ve been thinking about stimulus packages lately, and in general about the causes of recessions and the appropriate government response when they happen. With the election of Barack Obama and the emergence of a strong Democratic legislative majority, the ideas associated with John Maynard...

Basic question about one of those things we often hear: "World War 2 ended the Depression" 1) Is it true? 2) If so, what was it about the war that ended the depression? Just spending lots of money and getting everybody employed in some capacity or another? Was it the creation of lots of new...