Advancing a Free Society

The End of the Recrudescence of Keynesian Economics

Monday, November 22, 2010

This past weekend Columbia University hosted a conference on the occasion of the 40th anniversary of the famous Phelps volume on the micro foundations of macroeconomics. In addition to the technical papers, which will eventually be published in a conference volume, important lunch and dinner talks were given by two of the most recent Nobel Prize winners in economics--Dale Mortenson and Chris Pissaredes--as well as by Fool’s Gold author Gillian Tett of the FT and Ned Phelps.

Ned spoke about what he called the “recrudescence of Keynesian economics.”

Continue reading John Taylor at Economics One