Notes on Gerald Friedman

J. Bradford DeLong

Review of Radical Political Economics, 2017, vol. 49, issue 4, 663-670

Abstract: Since 2010, fiscal policy austerity has been a disaster for both Europe and the United States. But how much better could things be? How much good could be done by a restoration of a sensible fiscal policy? I take a sensible fiscal policy to be one that, in the words of Abba Lerner, recognizes the first principle of functional finance.

Keywords: debating economics; macroeconomic policy; austerity (search for similar items in EconPapers)
JEL-codes: B22 O43 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:49:y:2017:i:4:p:663-670

DOI: 10.1177/0486613417721238

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