Thursday, December 03, 2009

Jobs Economics

I've become a really big fan of MARIO RIZZO:
"Nevertheless, both economists are, I think, too much in the spell of the Principle of Aggregate Demand. Aggregate demand theories abstract from concern about the need for readjustments in lines of production after credit-induced unsustainable sectoral expansions."

8 comments:

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Tim Canon said...

I got to reading some old Slate articles by Krugman concerning free trade and global labor...needless to say, much better than his Keynesian domestic views. The guy is totally enthralled with Keynesian economics, even when the empirical research doesn't support it (doesn't necessarily refute it either, but isn't the burden of proof on those trying to propose that policy will work?).

I still read Krugman's blog every day, as well as Rizzo's. Entertaining, at least.

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