Monday, December 19, 2011

Bye-Bye Keynes?

Bye-Bye Keynes?

I had to read the General Theory for Macro Economics at Grinnell in 1974. I wonder how many students still have to read it? Samuelson at the above link on how the world's vastly changed in size and velocity since Keyne's time.

When the facts change, I change my mind. What do you do, sir? -JMK

Change they have: since 1935 and 1974.

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