“We can see good economic policies in the context of a consistent analysis of the economy.”

—  Peter Temin

Why Keynes is Important Today (2014)

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American economist 1937

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“We need to have policies that stimulate the economy, and the economy is stimulated when business feels confident that we can put people back to work.”

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“Fritz Nonnenbruch, the financial editor of the Voelkischer Beobachter, states: ‘There exists no law which binds the State. The state can do what it regards as necessary, because it has the authority…. The next stage of National-Socialist economic policy consists of replacing capitalist laws by policy.”

Günter Reimann (1904–2005) German economist

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“The fact that each nation came to believe in the virtue of whatever policy happened to be in effect when recovery began supports [the] argument that haphazard economic vacillations play an important role in determining which policy strategies become constructed as economically efficacious. This also tends to undermine the realist/utilitarian view, which suggests that policy improves over time as rational policymakers learn more about universal economic laws from experience, because wildly inconsistent policies won favor in different contexts.”

Frank Dobbin (1956) American sociologist

Frank Dobbin (1993), "The Social Construction of the Great Depression: Industrial Policy during the 1930s in the United States, Britain and France," in: Theory and Society 22, p. 47; As cited in: Kieran Healy, "The new institutionalism and Irish social policy." Social Policy in Ireland: Principals, Practices and Problems. Oaktree Press, Dublin (1998).

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“Organisms cannot survive in a medium consisting of their own final outputs. Neither can economies.”

Herman E. Daly (1938) American economist

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