Wednesday, June 24, 2015

After rereading this post from 2009, I decide that I actually like it and think it is still relevant.

http://angrybearblog.com/2009/02/what-remains-of-keynesian-revolution.html

I do have to make a few corrections

1) investment should be I not i (oops missed the shift key)

2) my concession that Milton Friedman had a valid critique of 1960s era Keynesians is based on widely accepted but bogus intellectual history as argued at length by James Forder http://www.economics.ox.ac.uk/Academic/james-forder in, among other things, a book.

3) P.C.B Phillips is not the son of William Phillips

1 comment:

Anonymous said...

Excellent idea for a post. You should revise the post and repost it.