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There is one good thing about Marx: he was not a Keynesian.

Keynesian modelling relies on marginal propensity to consume and marginal propensity to invest. The idea that if we give more money to the poor, they have a propensity to consume that's much higher than the wealthy, though I wish they would talk to my wife about that; she seems to have a propensity to consume.

In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.

I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.

I'm not a macroeconomics person.

I'm happy to say I am a Harrison-Kreps-Keynesian.

The Keynesian belief that 'demand' is always at the root of underemployment and slow growth is a fallacy.

I would reject the distinction between a Keynesian moment and a behavioral moment.

Keynesian economics has always been needed.

Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times.