Adumbration

Fazzari supports the stimulus program, which adds interest to the discussion of how we know what we know in economics - how would we know if things would have been worse without the stimulus, versus that the stimulus didn't work or made things worse. 

Further discussion treats distinctions between aggregate quantities and the intricate details of what it actually takes in human interactions to produce the "stuff" that people want. 

Fazzari has been interviewed a couple times on the podcast.

Stimulus and Keynes (1/24/2011) - Steve Fazzari of Washington University in St. Louis talks about the economics of Keynesian stimulus. They discuss the stimulus package passed in February 2009 and whether it improved the economy and created jobs. How should claims about its impact be evaluated? What can we know as economists about causal relationships in a complex world? The conversation includes a discussion of the underlying logic of Keynesian stimulus and the effect of the financial crisis on economic research and teaching.