Blog Tag: Keynes
Farewell to Keynes? Not so fast…
In the June 8 edition of the Financial Times, Jeffrey Sachs published a provocative assault on Keynesian stimulus. Specifically, Sachs argued that it was a “dubious proposition” that Keynesian stimulus through expenditure on “shovel-ready projects” could actually “combine short-term cyclical and long-term structural agendas.” To Sachs, fiscal stimulus on anything but social protection grounds is [...]
