Wednesday, March 13, 2013

Keynes versus the Classicals

'In Keynes' theory, then, the homeostatic mechanisms postulated by the classics are neither "out of order" nor just missing.' -- Leijonhufvud, On Keynesian economics economics of Keynes, p. 161

1 comment:

  1. Are you having to type that guy's name each post? I don't even try to pronunce it, I just read it as "that smart guy whose name starts with 'L'."


Old-fashioned excuse: "The dog ate my homework."

Modern excuse: "Dual-factor authentication ate my ability to do my homework."