You are browsing the archive for keynesian economics.

RALPH KINGSBURY: N.D. energy growth shows free market at work

May 18, 2012 in Grand Forks Herald

Keynesian economics made America the greatest power the world had ever seen. That was the conventional wisdom about 50 years ago. At that time, most students this writer included tended to accept the prevailing theories of every field of study. Keynes was right about anything dealing with economics; Freud was right about psychology, and so on. Continue Reading

COLUMNIST PAUL KRUGMAN: Budget hawks swoop down on wrong prey

June 19, 2010 in Grand Forks Herald

What’s the economic logic behind the government’s moves? The answer, as far as I can tell, is that there isn’t any. Press German officials to explain why they need to impose austerity on a depressed economy, and you get rationales that don’t add up. Point this out, and they come up with different rationales, which also don’t add up. Continue Reading