Steve Keen, Secular Stagnation and Thoughts on IS-LM

Steve Keen has produced a nice little article on secular stagnation as an explanation of the crisis, as brought up by Larry Summers and then endorsed by Paul Krugman, and its clash with the theory of endogenous money.

Stumbling Blocks to Spending Our Way to Prosperity

by Guest Author Edmund Phelps Editor’s note: These are Prof. Phelp’s opening remarks for the Keynes vs. Hayek debate produced by Reuters, 8 November 2011 at Columbia University.  James K. Galbraith led the Keynes team.  His opening remarks have been posted previously.  Pictured left is John Maynard Keynes; pictured right is Friedrich August Hayek. Keynes …

Keynes: “Banks and Bankers are by Nature Blind.”

by Guest Author James K. Galbraith, bio end of article Editor’s note: This was published previously at Alternet.org Nov. 11, 2011, with the title: John Maynard Keynes Knew What Occupy Wall Street Tells Us Today: “Banks and bankers are by nature blind.” Friedrich August von Hayek was a charming and gracious man who accepted my …