Keynes's General Theory Contains Oddly Few Mentions of Fiscal Policy: Delong Morning Coffee Podcast
In Keynes’s General Theory the question of why “it seems unlikely that the influence of banking policy on the rate of interest will be sufficient by itself…” is left hanging. The question of how a “somewhat comprehensive socialization of investment“ is to be implemented is left hanging as well. There are remarkably a few references to “fiscal policy” in any form. So will somebody please explain to me why “fiscal policy” plays such a small part in the General Theory, while playing such a large part in mindshare perceptions of “Keynesianism”?...
Keynes's General Theory Contains Oddly Few Mentions of "Fiscal Policy"
Thx to Wavelength and the very interesting micro.blog http://delong.micro.blog/2018/04/21/keyness-general-theory.html
Text: http://www.bradford-delong.com/2018/02/keyness-general-theory-contains.html