Economics, Insurance, and the Economics of Insurance.
Tuesday, November 8, 2011
Keynesianism In One Easy Lesson
"For policy, the central fact is that Keynesian policy recommendations have no sounder basis, in a scientific sense, than recommendations of non-Keynesian economists or, for that matter, non economists". -
After Keynesian Economics aka After the Phillips Curve: Persistence of High Inflation and High Unemployment, page 57, Lucas and Sargent.