No Free Lunch: Economics for a Fallen World: Third Edition, Revised

Chapter Seventeen: A Short History of Macroeconomics 421 DESIRED LEARNING OBJECTIVES At the conclusion of this chapter, the student should be able to... § § Compare and contrast “general glut” or underconsumption theories of depressions with disproportionality theories § § Describe the solution to depression from a general glut perspective § § Describe the solution to depression from a disporportionality perspective § § Compare and contrast Say’s Law as presented in the chapter with Keyne’s caricature § § Compare and contrast demand side vs supply side approaches to macroeconomic policies