Keynes as Public Works Skeptic — Part II

by Mario Rizzo 

My post below, “Keynes as Public Works Skeptic” elicited much comment. Some of these comments accused me of quoting Keynes out of context and of generally getting it all wrong. To set things straight requires much more than blog posting.  I expect to be publishing an article with the American Enterprise Institute (AEI) shortly. I shall link to it.

In the meantime, I’d like to recommend to interested readers a working paper by Esteban Perez Caldentey, “Chicago, Keynes and Fiscal Policy,” Part 4 and following. I link to the entire paper here. I also recommend the books by Bradley Bateman, Keynes’s Uncertain Revolution (Michigan, 1996), especially Chapter 6 and Allan H. Meltzer, Keynes’s Monetary Theory: A Different Interpretation (Cambridge, 1988), especially pp. 182- 192. Continue reading