How long is the Long Run Mr Keynes?

It is not a course for debate that markets will not clear but rather how best to facilitate this clearing.  It is erroneous to conclude that all demand-side enthusiasts are against all forms of supply-side policies and vice versa.  In fact there is a consensus today that supply-side policies indeed increase the LRAS, however, it is in the choice of policy that the disagreements can be found.  What do you favour; the policy based on free market and incentives such as lower taxes and privatisation or the interventionist type of  policy such as government funding of education and re-training centres? You know the drill – pen and paper at the ready and start your engines!

wear the cap      private sector involvement          shifting AS        a supermodel       it’s only a dyson      trade union reform?        playschool      pointless    don’t laff               get to work     more competition

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s