First of all, I’m sure everyone would wish me to thank Professor Wilson for his most perceptive and stimulating paper. It suggests to me two main questions: first, what do we mean, essentially, by a ‘Keynesian’ policy, and secondly, how does it fit with what Keynes actually advised in practical situations (as opposed to what he wrote on a theoretical level, or what people think he meant by what he wrote)?
KeywordsFull Employment Policy Adviser Political Trade Cycle Fiscal Stabiliser Budget Stabilisation
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