Keynes’s Old Clothes

Pierre Lemieux

Chapter Chapter 2 in Somebody in Charge, 2011, pp 39-62 from Palgrave Macmillan

Abstract: Abstract The conventional wisdom of our times suggests that the state must intervene to prevent economic crises. This conclusion depends on two hypotheses: first, that economic crises would occur without the authorities’ guiding hand; second, that these authorities know how to manage the economic cycle. Should we take these two hypotheses for granted?

Keywords: Interest Rate; Monetary Policy; Business Cycle; Price Level; Money Supply (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-11847-8_3

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DOI: 10.1057/9780230118478_3

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