Once more on zombie economics

Posted: 31 October 2012 in Uncategorized
Tags: , , , , , ,

It’s Halloween. So why not spend a little time reading the latest version of zombie economics?

It comes from Casey Mulligan. He’s so hell-bent on criticizing Keynesian economics and attacking government programs to help the poor and unemployed, he doesn’t even mention let alone analyze two of the key causes in creating the Second Great Depression: the rise in inequality and the crisis of the financial sector.

Instead, Mulligan focuses on the “expansion of food-stamp eligibility to enlargement of food-stamp benefits to payment of unemployment bonuses” and blames such programs for “sharply eroding (and, in some cases, fully eliminating) the incentives for workers to seek and retain jobs, and for employers to create jobs or avoid layoffs.”

That’s right: that’s the kind of zombie economics currently being peddled by neoclassical economists like Mulligan.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s