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Keynesianism Vs. Coordination

The April 2009 issue of The Freeman is chock-full of excellent articles.  I'll mention here three, because each is especially relevant to the current economic downturn and the question of how best to analyze it — and how best to deal with it.

Roger Garrison on "The Trouble with Keynes"

Peter Lewin on "Recycling Discredited Ideas"

Mario Rizzo on "A Microeconomist's Protest"

(Mario articulates far better than I have been able to do a point that I've tried to make for several months now — as I put it (unhelpfully), "fiscal stimulus is an attempt to re-create the bubble conditions."  Mario says it much better.)