[lbo-talk] Krugman: The Discordance at the heart of Keynesianism

Mike Beggs mikejbeggs at gmail.com
Sat Nov 27 20:41:11 PST 2010


On Sat, Nov 27, 2010 at 3:37 PM, SA <s11131978 at gmail.com> wrote:


> Speaking of which, the Journal of Economic Perspectives finally got around
> to having a symposium on the macroeconomics of the crisis.
>
>> my coauthors and I
>> construct a model in which the possibility of incorrect government
>> announcements about the state of the economy impair households’ ability to
>> infer the actual state, and
>> lead households to reduce market hours until they can more clearly deduce
>> the state of the economy.

Wow - it can only be that they lack basic sociological intuition... and economic intuition for that matter.

Mike Beggs



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