Joan Robinson, author of \"The Second Crisis of Economic Theory,\" is quoted say

Q: Joan Robinson, author of \"The Second Crisis of Economic Theory,\" is quoted say

Answer is The content of fiscal policy is as important as its aggregate impact on the economy.

ID: 1231058 • Letter: J

Question

Joan Robinson, author of "The Second Crisis of Economic Theory," is quoted saying "Keynes did not want anyone to dig holes and fill them," she is pointing out that:
The content of fiscal policy is as important as its aggregate impact on the economy.
The government should not be interfering in the economy because the jobs created are usually unproductive.
As far as stabilization objectives are concerned, the level of spending is the only thing that counts.
Keynesian economic policies do not work.

Explanation / Answer

Answer is
The content of fiscal policy is as important as its aggregate impact on the economy.

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Joan Robinson, author of \"The Second Crisis of Economic Theory,\" is quoted say

Joan Smith, 55 years of age, is a female patient who presents to the intensive c

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Joan Robinson, author of \"The Second Crisis of Economic Theory,\" is quoted say

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