Bad economic theory and practice, demolished

Published:
April 11, 2020

LBJ's James Galbraith weighs in on The American Prospect's economists roundtable on the coronavirus, arguing that the pandemic has made obsolete some mainstays that economic theory and the government have relied upon. The pressing needs, he argues, "are to provide critical care and to break the chain of transmission of COVID-19, while keeping the population supplied and calm, for as long as it takes to get the job done."

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