segunda-feira, 25 de julho de 2011

Herança Maldita

Sobre o legado político das ideias de Keynes, de acordo com John Taylor:

"Milton Friedman wrote a wonderful review essay on Keynes’ influence on economics and politics which touches on these issues and is still well worth reading. Friedman distinguished between Keynes’ political bequest—the advocacy of discretionary actions taken by powerful government officials—and his economic bequest—the emphasis on aggregate demand as a source of business cycle fluctuations. In the last section of the essay Friedman argues—quoting extensively from Keynes’ famous letter to Hayek on the Road to Serfdom—that the political bequest was very harmful while the economic bequest has many important insights."

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