…then, they picked up inventory adjustment models from Metzler, leading them to label their models Keynes-Metzler (KMG) models.  Around 2009, Flaschel in particular, sort of following Goodwin on this, put…

…the “Post Keynesian” label for himself) get mentioned, with final shoutouts to chartalism and functional finance, both well regarded by the MMT school (there is also a tour of nations…

…opponents of mechanization or advocates of short-time working, a reasoning they label as a misconception and which we know today under the label ‘lump of labor’ fallacy ‘. But the…

…of real output. Crowding out was a new label for what Keynes had referred to as the Treasury View, which Winston Churchill elaborated in 1929: The orthodox Treasury view, and…

…I agree with Keynes – the data shows that expansions following recessions during which the government increased its spending are longer and stronger than when expansions following recessions during which…

…is no society as a whole, and no long run, but immediate need and rival social groups.” A few years later, Maynard Keynes echoed the assessment that “this long run…