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Steven Kates
18 November 2009
10 comments

There are at least three ways used to determine the success of an economy. We deal with something abstract called economic growth, we look at the most common measure we have for production which is...
Steven Kates
29 October 2009
2 comments

One frequently hears statements that the stimulus package led to a lower level of unemployment or that it contributed to a higher level of GDP growth than would have occurred had no stimulus package...
Steven Kates
21 September 2009
6 comments

What one does is typically built around what one believes. This is as true of economic policy as of anything else. If it is believed that Keynesian economics is valid, and that it provides sound...
Steven Kates
4 September 2009
6 comments

The word is getting out that Keynesian economics is worthless as a guide to policy. Criticisms of public spending are found more and more frequently and the immense deficits we now face are...
Steven Kates
30 July 2009
15 comments

What we call “Keynesian” economics is not some minor sub-division of economic theory but is the very essence of macroeconomics itself. Keynes in 1936 had one central idea in writing his...