It says a lot about the talents of John Maynard Keynes – and just as much about the shortcomings of modern macroeconomics – that when the financial crisis struck, policymakers instinctively reached not for their fancy models, but for the Keynesian idea of fiscal stimulus. These pages have been filled with eminent thinkers arguing over whether it is time to bring the stimulus to an end.
當金融危機來襲,各國政策制定者本能地放棄了他們花哨的模型,而去選擇凱恩斯主張的財政刺激政策,這足以證明約翰•梅納德•凱恩斯(John Maynard Keynes)的天才——同樣也充分暴露除了現代宏觀經濟學的缺點。近來,衆多顯赫的思想家在本報脣槍舌劍,爭論現在是否該終止經濟刺激政策。
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