macro: Roger Garrison Takes a Sledge Hammer to Brad DeLong’s Latest Trade Cycle “Argument”

That’s my impression, but you be the judge.

UPDATE: Bob Murphy piles on here.

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2 Responses to macro: Roger Garrison Takes a Sledge Hammer to Brad DeLong’s Latest Trade Cycle “Argument”

  1. Anon says:

    Is it true that Austrian economists assume a negative correlation between consumption and investment, whereas Keynesians assume a positive correlation?

  2. Greg Ransom says:

    Anon writes: “Is it true that Austrian economists assume a negative correlation between consumption and investment, whereas Keynesians assume a positive correlation?”

    The answer is no.

    Let me suggest reading some of the papers at Roger Garrison’s web site for an explication:

    http://www.auburn.edu/~garriro/articles.htm

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