Thursday, April 7, 2016

Brad DeLong — Why Did Keynes Write "In the Long Run We Are All Dead"?


The definitive explanation and its misrepresentation.

It's Keynes statement of what later came to be called "the Lucas Critique."

Grasping Reality
One Last April-Fools Note on Niall Ferguson: Why Did Keynes Write "In the Long Run We Are All Dead"?
Brad DeLong | Professor of Economics, UCAL Berkeley

UPDATE:

Peter Dorman comments

Econospeak
How Long Before You Have to Order a Refill for the Keynes Day Planner?
Peter Dorman | Professor of Political Economy, The Evergreen State College

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