IDEAS home Printed from https://ideas.repec.org/p/lev/levypn/01-10.html
   My bibliography  Save this paper

Are We All Keynesians (Again)?

Author

Listed:
  • Dimitri B. Papadimitriou
  • L. Randall Wray

Abstract

It is now widely recognized that economists and policymakers alike had been living a 30-year fantasy. The best government is not that which governs least. The best economy is not that which is abandoned to the invisible fist of the unconstrained market. Our national and individual security is not best left to the fate of the private pursuit of maximum profit. The events of September 11 underscored what was already apparent: Big Government needs to play a bigger role in our economy. Our late Levy Institute colleague Hyman Minsky has been vindicated once more.

Suggested Citation

  • Dimitri B. Papadimitriou & L. Randall Wray, "undated". "Are We All Keynesians (Again)?," Economics Policy Note Archive 01-10, Levy Economics Institute.
    • Handle: RePEc:lev:levypn:01-10
    as

    Download full text from publisher

    File URL: http://www.levyinstitute.org/pubs/pn/pn01_10.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. James K. Galbraith, "undated". "The War Economy," Economics Policy Note Archive 01-8, Levy Economics Institute.
    2. Wynne Godley, "undated". "Fiscal Policy To The Rescue," Economics Policy Note Archive 01-1, Levy Economics Institute.
    3. L. Randall Wray, "undated". "The Backward Art of Tax Cutting," Economics Policy Note Archive 01-5, Levy Economics Institute.
    4. Dimitri B. Papadimitriou & L. Randall Wray, "undated". "Fiscal Policy For the Coming Recession: Large Tax Cuts are Needed to Prevent a Hard Landing," Economics Policy Note Archive 01-2, Levy Economics Institute.
    5. Robert E. Carpenter, "undated". "Hard Times, Easy Money? Countercyclical Stabilization in an Uncertain Economy," Economics Policy Note Archive 01-9, Levy Economics Institute.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Wynne Godley, "undated". "Kick-Start Strategy Fails to Fire Sputtering U.S. Economic Motor," Economics Policy Note Archive 02-1, Levy Economics Institute.
    2. John Harvey, 2010. "Keynes’ Business Cycle: Animal Spirits and Crisis," Working Papers 201003, Texas Christian University, Department of Economics.
    3. Greg Hannsgen & Dimitri Papadimitriou, 2010. "Did the New Deal Prolong or Worsen the Great Depression?," Challenge, Taylor & Francis Journals, vol. 53(1), pages 63-86.
    4. L. Randall Wray, 2002. "What Happened to Goldilocks? A Minskian Framework," Journal of Economic Issues, Taylor & Francis Journals, vol. 36(2), pages 383-391, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wynne Godley, "undated". "Kick-Start Strategy Fails to Fire Sputtering U.S. Economic Motor," Economics Policy Note Archive 02-1, Levy Economics Institute.
    2. Jacques Fontanel, 2004. "Le coût du terrorisme," Post-Print hal-02080669, HAL.
    3. Wynne Godley & Alex Izurieta, 2001. "As The Implosion Begins . . .? Prospects and Policies for the U.S. Economy: A Strategic View," Economics Strategic Analysis Archive 01-7, Levy Economics Institute.
    4. Wymme Godley & Alex Izurieta, 2009. "The US economy: weaknesses of the "strong" recovery," PSL Quarterly Review, Economia civile, vol. 62(248-251), pages 93-101.
    5. Jacques Fontanel & Fanny Coulomb, 2003. "L’estimation improbable du coût du terrorisme," Post-Print hal-02196655, HAL.
    6. Philip Arestis & Malcolm Sawyer, 2006. "The Case for Fiscal Policy," Palgrave Macmillan Books, in: Philip Arestis & Jesus Ferreiro & Felipe Serrano (ed.), Financial Developments in National and International Markets, chapter 6, pages 103-117, Palgrave Macmillan.
    7. Alex Izurieta, 2001. "Can Countries under A Common Currency Conduct Their Own Fiscal Policies?," Macroeconomics 0108008, University Library of Munich, Germany.
    8. Wynne Godley & Alex Izurieta, 2004. "The US economy: weakness of the "strong" recovery," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 57(229), pages 131-139.
    9. Paolo Sylos Labini, 2009. "Prospects for the world economy," PSL Quarterly Review, Economia civile, vol. 62(248-251), pages 59-86.
    10. Greg Hannsgen & Dimitri B. Papadimitriou, 2009. "Fiscal Stimulus, Job Creation, and the Economy: What Are the Lessons of the New Deal?," Economics Policy Note Archive 09-10, Levy Economics Institute.
    11. Greg Hannsgen & Dimitri Papadimitriou, 2010. "Did the New Deal Prolong or Worsen the Great Depression?," Challenge, Taylor & Francis Journals, vol. 53(1), pages 63-86.
    12. L. Randall Wray, "undated". "The Backward Art of Tax Cutting," Economics Policy Note Archive 01-5, Levy Economics Institute.
    13. Wynne Godley & Alex Izurieta, 2004. "The US economy: weakness of the "strong" recovery," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 57(229), pages 131-139.
    14. Paolo Sylos Labini, 2003. "Le prospettive dell'economia mondiale," Moneta e Credito, Economia civile, vol. 56(223), pages 267-294.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lev:levypn:01-10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Elizabeth Dunn (email available below). General contact details of provider: http://www.levyinstitute.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.