Splash Biography

Should there be spending or austerity in Europe? That is the fundamental question that has divided Germany and France during the recession and recent eurozone crisis. Given this ideological gridlock, can Keynes offer us a solution? This class will explore the fundamentals of Keynesian economics, in particular the Liquidity Trap and IS/LM Curves. Given this knowledge, how can governments end the current recession? Germany argues for austerity, saying the solution lies in interest rates and investor confidence. Meanwhile, France and Greece call for spending and active job creation. This class will weigh in on the debate using Keynesian economics.