a question for a keynesian

Economics Economics Questions
1

If anyone knows (maybe student is interested) they could answer these questions which I’ve been thinking about recently but continue to perplex me.

So

  1. markets don’t clear according to new and old keynesianism but if they don’t clear in the short run (i believe due to menu costs and such) then what does that imply for a) microeconomics which is based around short run efficiency and b) those societies which have had a high degree of laissez-faire yet seemed to suffer no depressions or underutilization of resources?

  2. keynes supposedly demolished say’s law yet I can’t really see any demolition if anything, in my opinion, he really extended say’s law by saying that one man’s consumption is another’s production so clearly one could at least temporarily advance an economy be stimulating consumption. So I am confused when people write about the fall of say -anything to say about this (lame pun intended)?

  3. How do macroeconomists explain the boom-bust cycle itself because they say a lot about how a depression can occur but they say nothing about a boom which is a distinct part of the cycle and definitely different from just normal growth?

Sorry for the text-wall but I think that’s the most efficient way to get across my question.

2

post that on politicalcrossfire.com

3

why ought I to?

4

Because you are very unlikely to find a Keynesian on here. “A question for a connoisseur of Keynesian economics” would’ve been more apposite a title.

5

I dunno, It depends on how willing to answer questions those on political crossfire are -I mean the site is called political crossfire so it sounds kinda dirty.

Have you had any good experiences with them in the question-answer area?

6

Dunno, never bothered posting on it and I doubt I will in the future.