I agree with Colin that the "New Keynesians" are very
poor Keynesians, to the extent they can even be
characterized as "Keynesian" at all. Some of their more
recent manifestations, such as the new principles textbook
by Mankiw, are utterly un if not downright anti-Keynesian.
Thus, I
> Stiglitz is a major player in what is now called "New
> Keynesian" economics.
But as the rest of Barkley's post implicitly acknowleges
this is "NEW" as in "No Effing Way" Keynesian, as is pointed
out from time to time over on PKT. Whatever the "results,"
(and however interesting it might be
