But the definitive study of fiscal policy in the 1930s, by the MIT economist E. Cary Brown, reached a very different conclusion: Fiscal stimulus was unsuccessful 'not because it does not work, but because it was not tried'." Krugman specifically accused Shlaes of disseminating "misleading statistics."
In contrast, a comprehensive study by MIT economist E. Cary Brown in the 1930s arrived at a divergent conclusion: Fiscal stimulus was unsuccessful 'not due to its ineffectiveness, but because it was not implemented'." Krugman specifically accused Shlaes of disseminating "misleading statistics."