Tag Archives: markets

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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