Saturday, 2 May 2015

The Dynamic Duo: Keynes and Mankiw.

"After fifty years of additional progress in economic science, The General Theory is an outdated book. … We are in a much better position than Keynes was to figure out how the economy works."
"How can I accept a doctrine which sets up as its bible, above and beyond criticism, an obsolete economic textbook [Marx's Das Kapital] which I know to be not only scientifically erroneous but without interest or application to the modern world?"
Holy birds of a feather, Batman!

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