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'Keynesian' is not strongly tied to Keynes the person or his thinking or writings. Keynesian's have buried Keynes long time ago. Anti-Keynesians are still carr
by Nokinside 9y ago
'Keynesian' is not strongly tied to Keynes the person or his thinking or writings. Keynesian's have buried Keynes long time ago. Anti-Keynesians are still carrying his corpse around.
Neo-Keynesian theories formulated and grounded Keynes's ideas better than he did and the field moved on. Today New classical macroeconomics and New Keynesian macroeconomics contribute methods to each other. 'Keynesian' today is just tendency or general direction.
If you want to spot dead ends in the economic thinking, you must look at schools who study the teachings of the founder and never improve upon them ('X said', 'X thought') Keynesian economics is not one of them.
- qubex 9y agoQuite true. Modern ’Keynesians’ took his imprimatur and ran with it, they did not fossilise themselves upon the dicta of the Great One. That’s why it remains relevant today (at least in some guise or another) and why it incorporates methods the totemic founder would have never even contemplated (agent-based modelling, behaviourist economics, and globalisation).
- cmurf 9y agoGalambosians. Anarcho-capitalists. More extreme by far than anti-government libertarians. http://www.harrybrowne.org/articles/Galambos.htm http://www.harrybrowne.org/articles/Galambos.htm
- tim333 9y ago>Anti-Keynesians are still carrying his corpse around. The thing I've seen more is Keyenes ideas got adopted by left wingers and used as a justification to expand government and then the anti-keynesians react against that. The actual Keyenes was quite capitalistic and his ideas are not incompatible with small govenment.