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Self-deception ultimately explains Japan’s plight. The Japanese have never accepted that change is in their interest – and not merely a response to U.S. criticism.

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Paul Samuelson

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Keynes’s contribution was not just to advocate spending government money in the middle of a recession. Every government had done that going back to the days of the Irish potato famine. What he gave to us was a way of thinking about the magnitude and the dimensions and so forth.

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In the jargon of American vaudeville, Professors Frisch and Tinbergen are a ‘hard act to follow.’ But then, all my life, I have been following such great scholars and policy advisors as these.

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May 21, 2024

In the jargon of American vaudeville, Professors Frisch and Tinbergen are a ‘hard act to follow.’ But then, all my life, I have been following such great scholars and policy advisors as these.

Previous

May 21, 2024

Keynes’s contribution was not just to advocate spending government money in the middle of a recession. Every government had done that going back to the days of the Irish potato famine. What he gave to us was a way of thinking about the magnitude and the dimensions and so forth.

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