Secular Stagnation and Sacred Neoliberal Dogma

by Dan Kervick, New Economic Perspectives Brad DeLong doesn’t like what Clive Crook is saying about Larry Summers. According to DeLong: When Larry Summers said: Even a great bubble [first in high-tech and then in housing] wasn’t enough to produce any excess of aggregate demand…. Even with artificial stimulus to demand, coming from all this …

The Great Debate©: Who Saw it Coming?

by John Lounsbury This edition of The Great Debate© is prompted by an essay from Brad DeLong today (30 June 2012) and a rebuttal from Steve Keen.  Before we present those two protagonists we will return to a paper published by Dutch economist Dirk Bezemer in 2009.  That paper was reviewed by this author when …