Keynesian Policies, Microfoundations, and the Phillips Curve
Explore the ongoing influence of Keynesian economics in our culture, the limitations of aggregate data, and the implications of macroeconomic policies. Peter Boettke and Russ Roberts discuss the role of individual incentives, the methodological individualist implications of microfoundations, and the potential consequences of fine-tuning the economy. They also touch on the effectiveness of central banking, the practice of inflation targeting, and the interplay between Smithian gains from trade, Chumpetarian gains from innovation, and government stupidity in shaping the American economy's future.In this clip
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Peter Boettke on Austrian Economics
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