The work of John Maynard Keynes shows us that counter-cyclical fiscal policy and an easing of austerity may offer a way out of Eurozone crisis

Wren-Lewis, Simon (2012) The work of John Maynard Keynes shows us that counter-cyclical fiscal policy and an easing of austerity may offer a way out of Eurozone crisis. British Politics and Policy at LSE (25 Aug 2012). Website.

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Abstract

Debates between ‘Hayekian’ and ‘Keynesian’ perspectives constitute one of the main conceptual fault-lines of the Eurozone crisis. In the second of two EUROPP articles covering this debate, Simon Wren-Lewis looks at how the current programme of austerity and the view that the private sector can do little wrong may be driving the continent further into recession. Policymakers must instead embrace the Keynesian response of counter-cyclical fiscal policies.

Item Type:	Online resource (Website)
Official URL:	http://blogs.lse.ac.uk/politicsandpolicy/
Additional Information:	© 2013 The Author
Divisions:	LSE
Subjects:	H Social Sciences > HC Economic History and Conditions
Date Deposited:	15 Feb 2013 11:59
Last Modified:	11 Dec 2024 12:58
URI:	http://eprints.lse.ac.uk/id/eprint/48659

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