Krugman is the purest Keynesian economist in the USA today, and he won a Nobel Prize in economics for his theories from a bunch of like minded Keynsians. Some day the Keynesians will likely be tarred and feathered for their economic voodoo, but right now they are virtually the only game in town.
If you study economics, you are studying Keynesian economics. Therefore, it was the Keynesian and their economic theories who brought us straight into the 2008 economic collapse, and it is Keynesian who are trying to get us out of it. Go figure.
Last edited by lsayre
on Thu Dec 06, 2012 6:35 pm, edited 1 time in total.