Tag Archives: John Maynard Keynes

Cheap Thoughts on Thrifty Thinking

Posted on August 19, 2010 by justino

Especially after the previous month’s very informative interview with Robert Higgs about the Great Depression, I was excited to hear Russ Roberts tear through the Keynesian policy prescriptions of professor Steve Fazzari on an old “EconTalk” podcast from early 2009. … Continue reading →

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‘Sticky’ Government and Immigration

Posted on June 9, 2010 by justino

One of John Maynard Keynes’ criticisms of the market mechanism was what he called “sticky” wages. He claimed that the market for employment does not work as efficiently as previously thought, because employees are reluctant to accept lower wages. He … Continue reading →

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