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Keynesian policies – providing deficit-financed stimuli to the economy – seemed to work under Hitler in the 1930s and under Roosevelt during World War II. Why did it fail globally during the seventies and, more recently, under Lula in Brazil? Economics professor Anwar Shaikh argues the answer lies not in neoclassical or post-Keynesian theory. “There is a third way”. The 'modern classical perspective' looks at profit and wage shares.

full: http://www.socialisteconomist.com/2018/05/keynesian-boosts-have-not-always-worked.html
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