Australian budgetAustralian Economy

Keynes 101 for failing Treasurer Josh Recessionberg

David Llewellyn-Smith
Wednesday, 6 November 2019
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Via FTAlphaville:

The skill of the good economist, like the good writer, lies not just in what they include in their work, but what they choose to leave out.

The real world is hideously complex. So too are people. If economists are going to tell us anything about either, then they must resort to abstraction.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.