Summary:
The real tail wagging Keynes’s intellectual revolution was to shift economists from thinking normally in terms of a model of reality in which a dog called savings wagged his tail labelled investment to thinking in terms of a model in which a dog called investment wagged his tail labelled savings James Meade
Topics:
Lars Pålsson Syll considers the following as important: Economics
This could be interesting, too:
The real tail wagging Keynes’s intellectual revolution was to shift economists from thinking normally in terms of a model of reality in which a dog called savings wagged his tail labelled investment to thinking in terms of a model in which a dog called investment wagged his tail labelled savings James Meade
Topics:
Lars Pålsson Syll considers the following as important: Economics
This could be interesting, too:
Lars Pålsson Syll writes Post-real economics — a severe case of mathiness
Lars Pålsson Syll writes Perché la trasformazione del capitalismo è necessaria
Lars Pålsson Syll writes The Larry Summers Problem
Lars Pålsson Syll writes DSGE models — worse than useless
The real tail wagging
Keynes’s intellectual revolution was to shift economists from thinking normally in terms of a model of reality in which a dog called savings wagged his tail labelled investment to thinking in terms of a model in which a dog called investment wagged his tail labelled savings