20 Dec 2010

How Much Faith Should We Put in Keynesian Models?

Economics, Financial Economics, Shameless Self-Promotion 3 Comments

This is the first of a two-part series in which I join Jim Manzi’s search for justification for Keynesian models. For what it’s worth, one of the copy editors at Mises told me, “This one made me laugh a lot.”

3 Responses to “How Much Faith Should We Put in Keynesian Models?”

  1. Dan says:

    With Krugman attacking Ron Paul there is a great chance to promote the debate. Someone needs to talk to Ron Paul about bringing the debate up in his interviews. With Krugman firing shots Dr. Paul has a reason to bring it up. I’m not aware of Krugman calling out a specific Austrian before that has even close to the following of Ron Paul. To me, this is a tactical error on his part.

  2. fundamentalist says:

    Manzi is interesting, but he puts too much faith in controlled experiments. Seems to me that the results are almost always trivial. For controlled experiments in economics the study has to be so limited that my response to the results tend to be “so what?”. Controlled experiments at the macro level are impossible. He doesn’t seem to have figured that out yet.