Keynesian vs Classical Economics
Greg Mankiw discusses the short-run fluctuations in the economy and the long-term impact of deficit finance. He explains the difference between Keynesian and classical economics, emphasizing the importance of technological advancements and a flourishing market economy in driving economic growth. The conversation also touches on the skepticism surrounding statistical models and their role in monetary policy decisions.In this clip
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EconTalk
Greg Mankiw on Gasoline Taxes, Keynes and Macroeconomics
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