Thread: Econ Geeks

Any econ geeks out there?

I just finished an undergrad degree in econ and finance. Then went ahead and got a masters (though most of my masters was in managerial econ). The whole time they were ramming Keynesian economics at me, I always felt a bit uneasy. What the models showed, and what really was happening in the "real world" just didn't quite match. I came to believe the models were way to simplistic.

Then I started to study some heterodox economics (anything non-Keynesian in America anyway lol). It was fascinating, but the models were understandably simple as well.

Anyway!! TODAY is an exciting day! Today the IMF has come out with a paper that basically says taxing is good, as is redistribution!!

Here is a glimpse as to what i am talking about: IMF Paper Says Redistribution Is Good For Growth - Business Insider I am totally stoked!

I love the closing line of the story - ""Inequality and unsustainable growth may be two sides of the same coin."

Anyone have any thoughts??