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New Thinking on Fiscal Policy

This post was written by Jim O'Leary

From the frontiers of knowledge (yes, it’s grading time again): “Fiscal contraction was first noticed in the 1960s by a man by the name of Fiscal and it was him who derived the short, medium and long run effects of it and how they would occur and the reasons for it…” 

This entry was posted on Thursday, January 22nd, 2009 at 11:15 pm and is filed under Fiscal Policy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “New Thinking on Fiscal Policy”

  1. Patrick Honohan Says:
    January 23rd, 2009 at 7:59 am

    Isn’t that the man that worked as an economist in Guinness?

  2. Jim O'Leary Says:
    January 23rd, 2009 at 8:53 am

    Indeed. I believe he was very stout and had a big head on him. It’s said that he was a keen student of liquidity and was the (unacknowledged) joint author with O.E. Covick of the seminal paper “The quantity theory of drink - a restatement” in Australian Economic Papers (1974).

  3. Kevin O'Rourke Says:
    January 23rd, 2009 at 9:23 am

    Did he not advocate the adoption of the pint sterling?

  4. kevin denny Says:
    January 25th, 2009 at 8:19 pm

    Ah, I remember there was a portrait of the old geezer hanging in the Institute for Fiscal Studies.

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