By Patrick Barron
Just about every so-called business periodical touts an increase in consumer spending as “good for the economy.” But is this really so? Can we really spend our way out of a recession? Lord John Maynard Keynes thought so, and his teachings have become the standard narrative just about everywhere in the world.
Probably the most influential economic treatise of all time is Keynes’ “General Theory of Employment, Interest and Money,”publishedin 1936 at the height of the Great Depression. Читать дальше...