This is really good. Brad DeLong knows his history and shares it in this interview. Hats off to him.
The take-away: Even Jean Baptiste Say came to realize that Say's "law" was not a law.
And, as Brad would say, moar.
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Indeed this is a good read, thanks for posting it, Tom.
ReplyDeleteI would only quibble with DeLong's pointing to 1980 as the turning point down Neoliberal Lane. No, it was 1976 when our first neolib prez took office.