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How would modern macroeconomic schools of thought respond to the recent economic crisis?

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  • Michelle T. Armesto

Abstract

What would some of the most famous economists, such as John Maynard Keynes, Milton Friedman, and Adam Smith, and their followers say about the current financial and economic crisis? The November 2009 newsletter essay by Michelle Armesto outlines their probable responses.

Suggested Citation

  • Michelle T. Armesto, 2009. "How would modern macroeconomic schools of thought respond to the recent economic crisis?," Liber8 Economic Information Newsletter, Federal Reserve Bank of St. Louis, issue Nov.
  • Handle: RePEc:fip:fedlli:y:2009:i:nov
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    File URL: http://research.stlouisfed.org/pageone-economics/pages/newsletter_summary.php?id=41
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    Keywords

    Financial crises ; Economic history;

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