Say’s Law and Stimulus Spending to End Recession: Why It was Doomed to Fail
Thinking Things Over April 1, 2012 Volume II, Number 13: Say’s Law and Stimulus Spending to End Recession: Why It was Doomed to Fail By John L. Chapman, Ph.D. Canton, Ohio. So then you get the argument, well, this is not a stimulus bill, this is a spending bill! Well, what do you think a stimulus is? .. read more
What if Economists Are Trying to End This Slump Using the Wrong Model?
Thinking Things Over November 12, 2011 Volume I, Number 17: What if Economists Are Trying to End This Slump Using the Wrong Model? (Part 1 of 3) By John L. Chapman, Ph.D. Washington, D.C. In 1633 Galileo faced the Roman Inquisition for committing the heresy of challenging the geocentric view of the universe, in place since .. read more
The Paradox of Consumption
We’ve heard a lot recently about the Paradox of Thrift. The most common explanation is this: as a country we need to save more and consume less, but if we all try to save at the same time, consumption falls too much, businesses lay off workers, income falls and we aren’t able to save more. .. read more
