November 3rd, 2009 Barry Posted in Economic cartoons | Comments Off on Regarding the Ongoing Irrelevance of Keynesian Economics



A cartoon inspired by Paul Krugman’s article “How Did Economists Get It So Wrong?”

This cartoon was used as the front cover for an issue of Australian Fabian News.

TRANSCRIPT

Panel one: Dude wearing “Uncle Sam” hat and a Hawaiian shirt is walking alongside a cliff, with John Keynes, who has a big mustache.

HAT DUDE: Keynes, you are old-fashioned and useless. Modern economics has transcended you.

Panel 2: Hat Dude teeters on the edge of falling off the cliff.

HAT DUDE: Oh Dear! I am plummeting over a cliff! SAVE ME KEYNES!

Panel 3: Keynes has caught hat dude by the wrist and is pulling him to safety.

KEYNES: It’s okay… I’ve got you!

HAT DUDE: Thank you, Keynes!

Panel 4: They resume their walk.

HAT DUDE: As I was saying, Keynes, you’re of no use at all!