"Fresh Water, Salt Water, and other Macroeconomic Elixirs", 1989
“[New classical economics] was the starting point for a rightward shift in economics that went against the idea that monetary policy can improve macroeconomic outcomes.”
The Hand on the Lever (2014)
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Janet Yellen 4
American economist and professor 1946Related quotes
"Fresh Water, Salt Water, and other Macroeconomic Elixirs", 1989

Michael White, "The gift of tired tongues", The Guardian, 30 September 1994; Norman Macrae, "You've never had it so incoherent", Sunday Times, 2 October 1994.
Speech at an economic seminar, Tuesday 27 September 1994.
Member of Parliament

Source: "Money and Finance in the Macro-Economic Process" (1982), p. 12

Source: Increasing Returns and Path Dependence in the Economy, (1994), p. 1: Chapter 1. Positive feedback in economics

" Monetary Policy; Science or Art? https://economics.mit.edu/files/742" (2006)
Martin Feldstein (1989), Foreword to New Ideas from Dead Economists by Todd Buchholz.

Speech to the Royal Institute for International Affairs, Chatham House (25 January 1989), quoted in The View from No. 11: Memoirs of a Tory Radical (London: Bantam, 1992), p. 910.

The Shock Doctrine: The Rise of Disaster Capitalism (2007)

“The Case for a Dynamic Economy,” Hoover Daily Report (Sept. 22, 2003)