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Notes on Gerald Friedman

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  • J. Bradford DeLong

Abstract

Since 2010, fiscal policy austerity has been a disaster for both Europe and the United States. But how much better could things be? How much good could be done by a restoration of a sensible fiscal policy? I take a sensible fiscal policy to be one that, in the words of Abba Lerner, recognizes the first principle of functional finance.

Suggested Citation

  • J. Bradford DeLong, 2017. "Notes on Gerald Friedman," Review of Radical Political Economics, Union for Radical Political Economics, vol. 49(4), pages 663-670, December.
    • Handle: RePEc:sae:reorpe:v:49:y:2017:i:4:p:663-670
    DOI: 10.1177/0486613417721238
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    References listed on IDEAS

    as
    1. J. Bradford DeLong & Lawrence H. Summers, 2012. "Fiscal Policy in a Depressed Economy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 44(1 (Spring), pages 233-297.
    2. J. Bradford DeLong & Lawrence H. Summers, 2012. "Fiscal Policy in a Depressed Economy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 43(1 (Spring), pages 233-297.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    debating economics; macroeconomic policy; austerity;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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