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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Dale Baker who wrote (110720)5/5/2009 2:45:30 PM
From: JohnM  Read Replies (1) | Respond to of 541487
 
The theorists would largely be left on the side of the road if he succeeds. It will be interesting to watch.

Unlikely to happen. I know Obama has tried to, at least during his campaign, surround himself with behavioral economists. But, in most respects, that's simply a different theory, school of thought. And Summers nor Volcker are subscribers to that.

I suspect we are all in the grips of Keynesian economics right now with a policy tweak called behavioral economics.