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All mainstream approaches have thoroughly rejected Keynes in the long run ~ the difference is whether it is admitted that Keynes has some relevance in the short run, which the majority denies but a large group of mild neoclassical dissenters under the banner of New Keynesian supports.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Wed Nov 2nd, 2011 at 10:22:02 PM EST
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