Thursday, December 22, 2011

Beyond the Aggregate Demand Argument

Just because macroeconomic textbooks and journal articles focus overwhelmingly on changes in aggregate demand as the chief cause of changes in the vigor of economic activity is no reason for a scholar not to search for some other cause, especially if another identifiable cause is solidly grounded in economic theory.

Becoming More Certain about the Role of Regime Uncertainty - Donald J. Boudreaux, economics departments, George Mason University

1 comment:

  1. Some local professors of economics who also are bloggers (their posts appear on Greensboro 101) will no doubt reflexively discount the assertions of Donald Boudreaux. But I agree with him.