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Has the question of Keynesianism been settled?

Posted By Russ Roberts On October 6, 2013 @ 1:52 pm In State of Macro,Stimulus | Comments Disabled

Reader John Retzer writes:

A friend recently sent me this link [1] ”proving” that the question of Keynesian economics has been settled. He then asked ”what evidence are you aware of that contradicts the basic Keynesian model at this point?”
John then asked me (Russ) to respond to the challenge. So I thought it might be useful to post some of the empirical arguments I’ve made that are relevant to this question.
http://cafehayek.com/2013/09/the-intellectual-bankruptcy-of-macroeconomics-by-russ-roberts.html [2]
http://cafehayek.com/2012/10/a-blast-from-the-past.html [3]
http://cafehayek.com/2013/06/questions-for-krugman-and-kuehn.html [4]
http://cafehayek.com/2011/10/my-challenge-to-paul-krugman.html [5]
http://cafehayek.com/2011/10/the-evidence-for-keynesian-economics.html [6]
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URL to article: http://cafehayek.com/2013/10/has-the-question-of-keynesianism-been-settled.html

URLs in this post:

[1] this link: http://krugman.blogs.nytimes.com/2013/09/23/where-are-the-austerian-economists/

[2] http://cafehayek.com/2013/09/the-intellectual-bankruptcy-of-macroeconomics-by-russ-roberts.html: http://cafehayek.com/2013/09/the-intellectual-bankruptcy-of-macroeconomics-by-russ-roberts.html

[3] http://cafehayek.com/2012/10/a-blast-from-the-past.html: http://cafehayek.com/2012/10/a-blast-from-the-past.html

[4] http://cafehayek.com/2013/06/questions-for-krugman-and-kuehn.html: http://cafehayek.com/2013/06/questions-for-krugman-and-kuehn.html

[5] http://cafehayek.com/2011/10/my-challenge-to-paul-krugman.html: http://cafehayek.com/2011/10/my-challenge-to-paul-krugman.html

[6] http://cafehayek.com/2011/10/the-evidence-for-keynesian-economics.html: http://cafehayek.com/2011/10/the-evidence-for-keynesian-economics.html

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