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It is completely subjective, but it's also obvious that the Keynesians won that battle a long time ago. Go into any classroom, economics conference, FOMC meetin
by cloakandswagger 10y ago
It is completely subjective, but it's also obvious that the Keynesians won that battle a long time ago. Go into any classroom, economics conference, FOMC meeting, etc. Keynesian theories enjoy the status of being unassailable, objective facts. Austrian and other schools of thought are mocked, derided and dismissed wholesale.
- digi_owl 10y agoIf you have actually checked out Steve Keen's presentations and/or writing you would have learned that what is being presented as "Keynesian economics" is more correctly "Samuelsonian economics". This after Paul Samuelson that sat down and basically rewrote everything Keynes to fit it into the very economic models that Keynes was attacking.
- ci5er 10y agoI don't much follow salt-water economics, but is that true? That Keynesians think they are actually right?
- nsp 10y agoYes. - Keynesian economics major