Wednesday, March 20, 2013

Krugman's economic modelling morass

Paul Krugman is championing John Hicks' IS-LM model as an explanation of today's economic crisis. It's an unrealistic theory that time should have weeded out. 7 Mar 2013 9:00 AM

Source: http://www.businessspectator.com.au/bs.nsf/Article/Krugman-IS-LM-saving-liquidity-money-supply-pd20130305-5GS6A?opendocument&src=rss

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