Comments on: Does Macroeconomic Theory Influence Macroeconomic Policy? http://organizationsandmarkets.com/2009/06/30/does-macroeconomic-theory-influence-macroeconomic-policy/ Economics of organizations, strategy, entrepreneurship, innovation, and more Wed, 15 Feb 2012 21:27:02 +0000 hourly 1 http://wordpress.com/ By: James A. Donald http://organizationsandmarkets.com/2009/06/30/does-macroeconomic-theory-influence-macroeconomic-policy/#comment-75321 Wed, 19 Aug 2009 20:36:17 +0000 http://organizationsandmarkets.com/?p=6166#comment-75321 Greg Ransom tells us that macroeconomists must have influenced their masters because their masters commended them.

That the powerful commend their courtiers is not evidence that the courtiers are influencing the ideas of their masters, rather it is evidence that the courtiers are successful in flattering their masters that the programs of their masters, chosen for wholly political reasons, are wise and good.

]]> By: Greg Ransom http://organizationsandmarkets.com/2009/06/30/does-macroeconomic-theory-influence-macroeconomic-policy/#comment-74681 Wed, 01 Jul 2009 04:45:21 +0000 http://organizationsandmarkets.com/?p=6166#comment-74681 The influence of Foster and Catchings on Hoover was direct — he wrote the approving introduction to one of their books.

F & C also influenced Sen. Wagner & FDR — as well as most economists in America.

It can even be argued that Keynes is simply a British/Marshall interpretation of F & C.

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