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Keynesian economics

Stock Investing > Mishs Global Economic Trend Analysis

Measuring the effect of stimulus: If you don't like the results, change the yardstick

Mike Shedlock | Wed, 01/13/2010 - 1:15pm | Austrian economics, Economic Stimulus, employment rates, government stimulus, Keynesian economics, Keynesianism, stimulus projects, Unemployment issues |  4 comments

All the Austrian economists (and none of the Keynesian clowns) predicted the following: Unemployment Unchanged by Stimulus Projects A federal spending surge of more than $20 billion for roads and bridges in President Barack Obama's first stimulus has had no effect on local unemployment rates ... Read more

Stock Investing > Finance Professor

$1.3 million per job? For real?

Mahar | Thu, 03/12/2009 - 10:28am | economy of rationality, Government Spending, job creation, job stimulus, Keynesian economics |  2 comments

Old Europe Is Right on Stimulus - WSJ.com : "The White House estimates of 3.6 million new jobs is based on an 'Old Keynesian' model on the impact of government spending, while the new models adjust for the rational behavioral response to the stimulus by businesses and consumers. The White House ... Read more