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Elgar Debates: Lessons from Greece – “The positions taken by the coalition government are deafeningly silent regarding the boost in demand with private investment”

February 26, 2015

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In a new series of Elgar Debates, Dr. Philippos Sachinidis, former Minister of Finance in the previous Greek Government, tells Professor Steve Keen what is wrong with the current Government’s economic strategy.

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Elgar Debates: How to Promote a Global Economic Recovery? “It is pure fantasy to believe that anything but demand is the driving force of economic activity”

December 4, 2014

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bank run

What are the best economic policies to promote a global recovery?  Here, in the fourth letter of this debate, Louis-Philippe Rochon defends Keynesian theory and argues that austerity is causing great social as well as economic harm.

To follow this debate from the beginning, read Steve Kates’ first letter here.  Then read Louis-Philippe’s reply, and then Steve’s reply to Louis-Philippe.

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Elgar Debates: How to Promote a Global Economic Recovery? “Markets… have been the single most liberating institution in possibly the entire history of the human race”

November 27, 2014

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What are the best economic policies to promote global recovery?  In the third letter of our new Elgar Debates series, Steve Kates challenges Louis-Philippe Rochon’s proposed strategy for economic stimulus, and suggests that the market is the best tool to develop recovery.

To follow this debate, begin at the bottom of the page by reading Steve’s first letter, and then Louis-Philippe’s reply.

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Elgar Debates: How to Promote a Global Economic Recovery? “The worst infliction we can impose on our economies is to leave them to the tyranny of the markets”

November 20, 2014

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unemployed_men_queued_outside_a_depression_soup_kitchen_opened_in_chicago_by_al_capone

What are the best economic policies to promote global recovery? In the first letter of our Elgar Debates series, Steve Kates presented the Free Market view of the current economic crisis.   In this second letter Louis-Philippe Rochon gives his reply, setting out what he sees as the problems with reliance on the market and suggesting four practical steps to promote economic recovery. […]

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Elgar Debates: How to Promote a Global Economic Recovery? The Keynesian vs. Free Market approach

November 13, 2014

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GrantKeynes

What are the best economic policies to promote global recovery?  In the first of a series of exchanges, Steven Kates, Associate Professor of Economics at RMIT University, tries to persuade Louis-Philippe Rochon, Associate Professor at Laurentian University and Founding Co-editor of the Review of Keynesian Economics, that Keynesian theory just makes economic problems worse.

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