Larson’s Political Economy, Episode 6

Do sticky prices cause recessions? The answer is not what mainstream economics tries to tell you. But before we rip to pieces what Finn Kydland and Ed Prescott contributed to New Classical Macroeconomics, let’s enjoy some econ humor:

And now for this week’s episode of Larson’s Political Economy, where we discuss the relationship between sticky prices and recessions. Hold on to your conventional wisdom – or let it go:

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