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Susan Chan Regarding David Leonhardt’s “The Big Fix”. How is it possible to discuss fixing the US economy without discussing its place in the global economy? This is now a global crisis. As Obama said (if not yet fully acted on) - a global crisis needs a global solution. Keynes would have agreed. But commentators like Leonhardt ignore this. More international political leaders (e.g. Gordon Brown and now even Angela Merkel) have picked up the importance of international cooperation in economic policy (which Markwell’s account shows was crucial to Keynes) than US economists have. Maybe this reflects the elimination of genuine understanding of Keynes among US economists since the 1970s? -
Susan Chan Regarding David Leonhardt’s “The Big Fix”. How is it possible to discuss fixing the US economy without discussing its place in the global economy? This is now a global crisis. As Obama said (if not yet fully acted on) - a global crisis needs a global solution. Keynes would have agreed. But commentators like Leonhardt ignore this. More international political leaders (e.g. Gordon Brown and now even Angela Merkel) have picked up the importance of international cooperation in economic policy (which Markwell’s account shows was crucial to Keynes) than US economists have. Maybe this reflects the elimination of genuine understanding of Keynes among US economists since the 1970s?
KEY STIMULUS VOTE WEDNESDAY
The Page by Mark Halperin —
... And: NYT on how school districts, child care centers and university campuses would receive ...
Progressive Breakfast: Economists Back Economic Recovery
LiberalOasis : The Blog —
... NYT's David Leonhardt mostly praises: "...for all the criticism the stimulus package has been getting, it does pretty well by several important yardsticks. First of all, the package really is stimulus. It will quickly give money to the people who have been hardest hit by the recession and who, not coincidentally, will be most likely to spend that money soon. The spending also has a chance to do some long-term good, by paying for the computerization of medical records, the weatherization of homes and other such investments ... it still is a missed opportunity in a few instances. ...
