The contemporary relevance of Taylor's work is discussed in Koenig, E., Leeson, R. and Kahn, G. Eds. 2012. *The Taylor Rule and Transformation of Monetary Policy* Hoover Press: Stanford, California. 

See, in particular, the chapters by Bernanke, Robert Lucas and the two historical introductory chapters. 

Taylor's work is a subtle blend of Milton Friedman and A.W.H. Phillips.

RL  

----- Original Message -----
From: "Stephen Marglin" <[log in to unmask]>
To: [log in to unmask]
Sent: Wednesday, 9 April, 2014 11:40:20 PM
Subject: Re: [SHOE] Critiques of Keynesian Economics and the Stimulus

John Taylor's work, most of it with John Cogan in the JEL and in a symposium published  by the Hoover Institution, and in the WSJ and on NPR.  He is the most prominent of the outliers in the profession who argue that the stimulus didn't work.  Robert Barro and John Cochrane argued it didn't work even before the ink on the legislation was dry; Taylor and Cogan at least have numbers, but, in my judgment their econometrics is flawed.  Steve Marglin

From: Societies for the History of Economics [mailto:[log in to unmask]] On Behalf Of Steve Kates
Sent: Wednesday, April 09, 2014 2:41 AM
To: [log in to unmask]
Subject: [SHOE] Critiques of Keynesian Economics and the Stimulus


I am doing some work on Keynesian economics in the period following the Global Financial Crisis. It just may be that I do not know where to look but I am having trouble finding articles of any kind criticising Keynesian models and the theory behind public sector spending and the stimulus. Can anyone help?

And as an additional query, although Mises, Hayek and Friedman are seen as "anti-Keynesian" whatever that may mean, again there seems to be a dearth of articles by them critical of Keynesian theory as it relates to public sector spending and the stimulus. So again, can anyone help?

Responses both online and offline would be greatly appreciated.

Steve Kates
[log in to unmask]<mailto:[log in to unmask]>

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Dr Steven Kates
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RMIT University
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