Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
It is an answer to your question: Keynes did, implicitly, say something about the long run. Namely that in the long run we will be better off if we do not waste resources (man-hours, industrial capacity) in the short run.

This may not seem like a particularly profound piece of advice, but it runs directly counter to the long-run assumptions of central tradition macro.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Nov 3rd, 2011 at 12:05:48 PM EST
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