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Economic Crisis and the Fiscal Challenge of the State


  • William Van Lear


Here is a broadly argued article about how to revive the U.S. economy, beginning with what is now an old idea. Is there a tendency for the economy to stagnate? This idea, a version of which was espoused by Keynes, was essentially discarded by mainstream economists in the United States, but the author revives it. In the process, he produces a much needed analysis of the country's ills.

Suggested Citation

  • William Van Lear, 2011. "Economic Crisis and the Fiscal Challenge of the State," Challenge, Taylor & Francis Journals, vol. 54(6), pages 61-77.
  • Handle: RePEc:mes:challe:v:54:y:2011:i:6:p:61-77
    DOI: 10.2753/0577-5132540605

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    References listed on IDEAS

    1. repec:mes:jeciss:v:25:y:1991:i:4:p:951-975 is not listed on IDEAS
    2. James Crotty, 2000. "Structural Contradictions of the Global Neoliberal Regime," Review of Radical Political Economics, Union for Radical Political Economics, vol. 32(3), pages 361-368, September.
    3. Philip Arestis & Malcolm Sawyer, 2005. "Aggregate demand, conflict and capacity in the inflationary process," Cambridge Journal of Economics, Oxford University Press, vol. 29(6), pages 959-974, November.
    4. Edward S. Knotek & II, 2007. "How useful is Okun's law?," Economic Review, Federal Reserve Bank of Kansas City, issue Q IV, pages 73-103.
    5. Yeva Nersisyan & L. Randall Wray, 2010. "Deficit Hysteria Redux? Why We Should Stop Worrying About U.S. Government Deficits," Economics Public Policy Brief Archive ppb_111, Levy Economics Institute.
    6. William Van Lear & Robert Stokes, 2001. "A Critical Reflection on Endogenous Money and Asset Price Inflation," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 23(4), pages 705-708, July.
    7. repec:mes:jeciss:v:34:y:2000:i:3:p:603-620 is not listed on IDEAS
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