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History of Economic Thought x Economic Development and Growth x General Aggregative Models x clear all

The four fallacies of contemporary austerity policies: the lost Keynesian legacy

Robert Boyer.

in Cambridge Journal of Economics

January 2012; p ublished online January 2012 .

Journal Article. Subjects: Public Economics; History of Economic Thought (1925 onwards); Economywide Country Studies; Money and Interest Rates; International Finance; National Budget, Deficit, and Debt; General Aggregative Models; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Macroeconomic Aspects of International Trade and Finance. 11726 words.

The contemporary wide-scale austerity measures are likely to fail in most countries. The first fallacy derives from the false diagnosis that the present crisis is the outcome of lax public...

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The last 50 years in growth theory and the next 10

Robert M. Solow.

in Oxford Review of Economic Policy

March 2007; p ublished online January 2007 .

Journal Article. Subjects: History of Economic Thought (1925 onwards); General Aggregative Models; Economic Growth and Aggregate Productivity. 7440 words.

This article offers a personal view of the main achievements of (broadly) neoclassical growth theory, along with a few of the important gaps that remain. It discusses briefly the pluses and...