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Keynesianism Vs. Coordination

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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 [2]"

Peter Lewin on "Recycling Discredited Ideas [3]"

Mario Rizzo on "A Microeconomist's Protest [4]"

(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.)