Quote:
Originally Posted by peter12
In all the economics classes that I have taken and in all my professional experience, NO ONE takes Keynesian theory seriously anymore. There is a host of literature out there that almost certainly proves the negative long-term effects on an economic landscape.
|
That's odd I don't think you have very broad horizons as new-Kenysianism is pretty active right now. New keynesian theory states that monetary policy should be used to counter-act an exogenous fall in consumer confidence.
Keynsian theory discredited? Please. Nothing could be further from the truth.