Wednesday, March 30, 2011
Lance Taylor, professor of development and macroeconomics at the New School for Social Research, has just published a new book on the recent evolution of macroeconomics and the crisis. His argument is that the recent crisis has demonstrated the usefulness and accuracy of Keynes´ basic ideas, including the importance of aggregate demand and uncertainty. You can find a lecture based on the book in youtube here and a summary of the book here. I hope to post a review of the book in upcoming months and would encourage all of you to read it!