Student’s Critique of Austerity Policies Creates Firestorm

Thomas Herndon
Wendy Maeda/Globe Staff
Wednesday, June 26, 2013

When Thomas Herndon (economics), a third-year graduate student, began a class assignment last fall, he had no inkling that he would end up in the middle of a furious debate over international economic policies. But the results of Herndon’s work have sparked an academic and political firestorm over one of the most famous economic papers in decades, and over whether austerity or stimulus is the best route to long-term prosperity.

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