Plain liberalism, libertarianism, Neo-liberalism on the one hand, Keynesianism
, institutionalism, post-Keynesianism
, public choice on the other.
In the Long Run we Are All Dead: Keynesianism
, Political Economy, and Revolution
He confesses it when he says, "[m]y theory can comprise many of these things--Marxism, Keynesianism
, neoclassical economics--but not just adding it, but putting them in a very special argument.
France's Socialist technocrats appear to have concluded from the failed Mitterrand experiment with Keynesianism
in the early 1980s that domestic economic management was no longer possible, and that there was no real alternative to financial globalization.
In Letter 1, Block congratulates Cochrane for his critical analysis of Keynesianism
, but also criticizes him for supporting a variety of this very viewpoint.
Under the plan investment in the economy through public works is the way to stimulate the economy and combat recession as envisaged by the founder of Keynesianism
, John Maynard Keynes.
Two developments during the 1930s that shifted the government toward profligacy were (1) the rise in Keynesianism
, which informed politicians that deficit spending was good for the economy, and (2) the creation of "entitlement" programs, which allowed for automatic spending increases without politicians having to vote for them.
This is why those hostile to social democracy had first to set out to discredit Keynesianism
Only a particular form of academic Keynesianism
took hold in the profession and in the textbooks, one that is conducive to econometrics and mathematical formalisation and one representing an economy as a machine amenable to fine-tuning.
Better still, Kates's book offers a modern, more sophisticated, more pro-capitalist treatment than did Clay's book, and it provides the ideas people need to grasp and refute the disastrous dogmas and policies of Keynesianism
Perhaps history will vindicate this appeal to Keynesianism
Noting that since the Great Recession of 2008 neoliberalism and Keynesianism
have become increasingly articulated to right and left wing policy positions, Hingstman and Goodnight argue that the differences between these two macroeconomic philosophies "are considerably more ambiguous than claimed" (18).