Has the Chicago econ dept gone 'new Keynesian'? Speaking of Mankiw, he was Furman's adviser.
Jim Devine wrote:
alas, Friedman's monetarism has morphed into "new Keynesianism" (Mankiw et al) which is marching on. LP, to talk about where actual paternalism is needed. They take the entire system of wealth and power for granted, so the book is only about marginal adjustment of the deck chairs on the Hindenberg. They're in favor of "better governance," but not about who really governs. The book would be more valuable if we really had a democracy in the US.
Yes but 'they' are not Obama. Jared B and Jamie G are plugged in too. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
