Since 2014
The Paper Boom and the Left
Studies in Political Economy
View Archive Info| Field | Value | |
| Title |
The Paper Boom and the Left
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| Creator |
Cohen, Marjorie Griffin
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| Subject |
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| Description |
When I first studied Economics as an undergraduate student, we were taught to revere Keynesian economics and to reject the straight jacket of the classical system. Even as an undergraduate I struggled with some of the logic of Keynesianism. My professor told a story (probably apocryphal) of how when Keynes was approached by the head of a railroad about his problem of a dramatic reduction in riders, Keynes told him to build another railroad. We were expected to be confused, and then to understand (after careful teaching) that demand could be stimulated by increases in spending, any kind of spending. This would get people working and, in turn, spending on consumer goods, and this new spending would increase the expectations of businessmen who would then be optimistic enough to expand investment activity. |
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| Publisher |
Studies in Political Economy
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| Contributor |
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| Date |
2010-05-25
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://spe.library.utoronto.ca/index.php/spe/article/view/6739
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| Source |
Studies in Political Economy; Vol 62 (2000): Seattle and Social Justice
1918-7033 0707-8552 |
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| Language |
eng
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| Relation |
http://spe.library.utoronto.ca/index.php/spe/article/view/6739/3738
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| Coverage |
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