Financial markets exhibit centripetal forces, sucking in all the capital from the periphery to the center. That’s why our financial centers have become the repository of capital wealth. 1,052 more words
Tags » Keynesian
At the risk of understatement, I’m not a fan of Keynesian economics.
The disdain is even apparent in the titles of my columns.
The Difference Between Keynesian and Austrian Economics
Excellent overview of the New Economics.
New economic thinking has the potential to make political debates far more productive. Economic ideas matter.
…Few politicians or policymakers are even dimly aware of the changes underway in economics; but these changes are deep and profound, and the implications for policy and politics are potentially transformative.