Daily quote by Neo-Keynesian economics

• I think the basic issue there is the question of whether there are any dead weight losses or market filures of a macroeconomic nature in a market economy. Neo-Keynesians think there are and that the government can do something about them. They think that demand management policy can assist the economy to stay close to its equilibrium track.
  • James Tobin, in Conversations with Economists (1983) by Arjo Klamer