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\nJeff Sachs - Getting Beyond Keynesian Stimulus 4/5\n

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\n\nPublisher:\n\nInstitute for New Economic Thinking\n\n\n
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\nIn Part 4 of this interview From the Director's Chair, INET Executive Director Robert Johnson talks with Jeffrey Sachs about the effectiveness of Keynesian stimulus. Sachs isn't convinced. \"The idea of stable, reliable Keynesian...\nIn Part 4 of this interview From the Director's Chair, INET Executive Director Robert Johnson talks with Jeffrey Sachs about the effectiveness of Keynesian stimulus.

Sachs isn't convinced. \"The idea of stable, reliable Keynesian multipliers is actually not a theoretically sound idea,\" he says. And in an small-government environment, too much ineffective government spending will create a political backlash, which as Sachs says, \"indeed it did\" after Obama's stimulus package.

\"A short term stimulus that blipped up and then blipped down, what was that going to accomplish?\" he asks. \"We needed to build in serious decade long policies.\" Sachs offers some ideas for getting America back on track in the years ahead.
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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6:04
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Grade
Higher Ed
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Subjects
Social Studies & History
4 more...
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Media Type
Instructional Videos
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Source:
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\nNew Economic Thinking\n\n
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Date
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2012
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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Concepts

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economics, economy, governments, america
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Additional Tags

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inet, new economic thinking, sachs, crisis, jeff sachs, inequality, money in politics, robert johnson, governement, the price of civilization, complex challenge, united states, skeptical, back, idea, lead, upsetting, worried, believer, blipped, history, creation
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Classroom Considerations

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Video is ad-free
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Jeff Sachs - Getting Beyond Keynesian Stimulus 4/5\" href=\"/subscription/new\">\"Jeff\n\n
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