Hoisted from the Archives from Five Years Ago: "Ricardian Equivalence" Is a Claim That Tax Cuts Are Ineffective Stimulus, Not That Spending Increases Are

Should-Read: I prefer Henry Rosovsky's formulation: "I convinced the Japan scholars that I was indispensable because I was an expert economist who would talk to them; and I convinced the economists that I was indispensable because I was an expert Japan scholar who would talk to them":

Pseudoerasmus: About: "This blog is (mostly) about economic history, growth, and development...

...the nature of preindustrial economies, the “transition to capitalism” debate, the Great Divergence, the “first globalisation” (1870-1914), the political economy of development in the Global South, and the resurgence of East Asia. Paul Samuelson reputedly quipped to W. W. Rostow: “Walt, you may be an economist among historians, but you are historian when you are among economists”. But I think this guy‘s [Alvaro la Parro] formulation is less mean: “Too economist to be a historian. Too historian to be an economist”.

Pseudoerasmus dwells in a primitive habitation in Chokurdakh, Sakha Republic. You can contact him at pseudoerasmus[at]yahoo[dot]com. In the meanwhile, do admire this lovely view of Chokurdakh. Not as nice as Copacabana? Well, f--- them.