For policy, the central fact is that Keynesian policy recommendations have no sounder basis, in a scientific sense, than recommendations of non-Keynesian economists or, for that matter, non-economists.


Robert E. Lucas and Thomas J. Sargent, "After Keynesian macroeconomics", After the Phillips Curve: Persistence of High Inflation and High Unemployment (1978)

Robert Lucas Quotes

For policy, the central fact is that Keynesian policy recommendations have no sounder basis, in a scientific sense, than recommendations of...

For policy, the central fact is that Keynesian policy recommendations have no sounder basis, in a scientific sense, than recommendations of...

For policy, the central fact is that Keynesian policy recommendations have no sounder basis, in a scientific sense, than recommendations of...

For policy, the central fact is that Keynesian policy recommendations have no sounder basis, in a scientific sense, than recommendations of...