Keynesian Economists

Anderson (1988) argued “Pragmatism, properly understood, is neither a technique of neutral problem solving nor the mere contrivance of compromise” (p. 457). Explain how entrepreneurial policy makers can incorporate pragmatism practices into their public policy research.Anderson, C. W. (1988). Political judgment and policy analysis. Public Administration Quarterly, 11(4), 439. Retrieved from ProQuest database.Harvey, J.T. (2013, May 1). Austerity leads to…austerity! (Links to an external site.)Forbes. Retrieved from http://www.forbes.com/sites/johntharvey/2013/05/01/austerity-leads-to-austerity/Keynesian economists would suggest that, during a recession, the government should use stimulus efforts to help support the economy during that recession. Later, after the recession, Keynesian theory would suggest reducing government spending during a productive economy. Austerity measures, during a recession, operate on the opposite perspective from Keynesian theory in that Austerity promotes the reduction of government spending, and government deficits, in economic downturns. Read the following article and watch the following video. Explain which perspective, Keynesian or Austerity, is better policy for government during a recession.Harvey, J.T. (2013, May 1). Austerity leads to…austerity! (Links to an external site.) Forbes. Retrieved fromhttp://www.forbes.com/sites/johntharvey/2013/05/01/austerity-leads-to-austerity/Forbes. (2012, February 13). Risk on, austerity wins in Greece (Links to an external site.) [Video file]. Retrieved from https://www.youtube.com/watch?v=SyE_J5Ei1dY

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