Thomas Pynchon
October 28, 1984 Is It O.K. To Be A Luddite? By THOMAS PYNCHON s if being 1984 weren't enough, it's also the 25th anniversary this year of C. P. Snow's famous Rede Lecture, ''The Two Cultures and the Scientific Revolution,'' notable for its warning that intellectual life in the West was becoming increasingly polarized into ''literary'' and ''scientific'' factions, each doomed not to understand or
Rethinking Japan
The IMF held a small roundtable discussion on Japan yesterday, and in preparation for the event I thought it was a good idea to update my discussion of Japan – not so much about the question of whether Abenomics is working / will work (unclear, don’t know) as about the current nature of the Japanese problem. It’s a bit self-centered, but I find it useful to approach this subject by asking how I wo
Keynes, Keynesians, the Long Run, and Fiscal Policy
One dead giveaway that someone pretending to be an authority on economics is in fact faking it is misuse of the famous Keynes line about the long run. Here’s the actual quote: But this long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long
Globalization and Keynesianism
Looking at some of the comments on yesterday’s column, I see that a fair number of readers believe that Keynes is no longer valid because any increase in domestic demand will simply “leak” abroad. This is a widespread view, but it’s wrong. Globalization has been impressive, but it has not proceeded far enough to make Keynesian analysis irrelevant. Actually, you should realize this point immediatel
Misreading 'Eichmann in Jerusalem'
By Roger Berkowitz July 7, 2013 5:00 pm July 7, 2013 5:00 pm The Stone is a forum for contemporary philosophers and other thinkers on issues both timely and timeless. The movie “Hannah Arendt,” which opened in New York in May, has unleashed emotional commentary that mirrors the fierce debate Arendt herself ignited over half a century ago, when she covered the trial of the notorious war criminal Ad
Keynes's Not So Big Mistake
Bruce Bartlett, unusually, gets one wrong, although not in too bad a way. In his post Keynes’s Biggest Mistake, he misconstrues what Keynes meant by calling his book the “General Theory” of employment etc., and seems to imply something untrue about Keynes’s views on the liquidity trap. So, on the first point: Keynes was very clear that the reason he called his book the “General Theory” was that ec
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