Friday, December 23, 2016

Steve Keen: What Scrooge Could Learn From Keynesian Economics

Steve Keen in an amusing and interesting Christmas podcast:
“14. What Scrooge Could Learn From Keynesian Economics,” Debunking Economics – The Podcast, December 21st, 2016.
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  1. A lot of ideas of Keynesian economics are perfectly compatible with an individualistic view of the world.

    We want full employment not because of a sense of charity for all working people. But because if everyone else's jobs and incomes go down, we can get dragged down with them.

    Brad deLong once neatly said, "We all have an interest in full employment and growth. We are the 100%."

  2. Very interesting historical analysis of this odd trend...

  3. Steve Keen: Always enlightening and a pleasure to hear from. And some thoughtful stuff on the Dickens story that I hadn't considered.