The Economic Plan is the continuation of the Keynesian Economic Theory. If you do not believe it, you need to research it. In the four decades since, have there been any instances in which a Keynesian fiscal stimulus has actually worked? *In Canada or Sweden? *In Belgium or France? *For that matter, in Andorra, San Marino, Liechtenstein or Monte Carlo? Has Keynesianism Ever Worked Anywhere? - Ricochet.com After observing the economic failures occurring in Spain, Ireland, England, Italy, Greece, and even here in the U.S. with the failure to increase growth, despite an extra $800B being pumped into the economy, one pertinent question is apparent where in the world has Keynesian economics ever worked to grow and sustain an economy for the long term, with so much evidence that proves exactly the opposite? Where in the world is Keynesian economics working? Ted Biondo - Rockford, IL - Rockford Register Star 1995 Nobel Prize for Economics was awarded to Robert Lucas. No one since Milton Friedman has had so great an influence on the development of macroeconomics as Robert Lucas," said Gary Becker, University Professor in Economics and Sociology and winner of the Nobel Memorial Prize in Economic Sciences in 1992. "This Nobel is very much deserved. His work was initially met with hostility, but it came to be accepted as the view of the future."
"The effect of his work is to really change the way economists think about macroeconomics," Rosen said. "It kind of destroyed the Keynesian model. This really took a lot of the thunder out of the Keynesian way of thinking."
Robert Lucas wins Nobel Prize in Economics Why would you institute failed policies and expect different out comes?