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John Maynard Keynes

Sylvia's Grand Pursuit Is a Grand Gift

Laurence J. Kotlikoff | Posted 08.18.2012 | Books
Laurence J. Kotlikoff

Sylvia Nasar's Grand Pursuit is a marvelous intellectual and social history of economics, economists, and economic times during the century when economics came into its own, 1850 through 1950.

Krugman: Effects Of High Unemployment Must Be Handled Now

The New York Times | Paul Krugman | Posted 05.10.2012 | Business

A few days ago, I read an authoritative-sounding paper in The American Economic Review, one of the leading journals in the field, arguing at length th...

Conservative Candidates and Their Love affair With Austrian Economics

Isabel Otero | Posted 03.10.2012 | Politics
Isabel Otero

Many Republican candidates, Congressman Ron Paul in particular, are out praising the merits of the Austrian School of Economics or quoting from Hayek in an attempt to solidify their small government anti-Keynes stance. I truly wonder if they've done their research...

Krugman: Austerity Is For Boom, Not Bust Times

The New York Times | Paul Krugman | Posted 03.02.2012 | Business

"The boom, not the slump, is the right time for austerity at the Treasury." So declared John Maynard Keynes in 1937, even as F.D.R. was about to prove...

Equality Is Good for Everyone

Harlan Green | Posted 02.07.2012 | Politics
Harlan Green

President Obama seems to be finally realizing that the common good is as important as the profit motive.

The (Keynesian) Economics of School Choice

Sam Chaltain | Posted 02.07.2012 | Education
Sam Chaltain

A debate is raging over which set of economic proposals to pursue in order to rebuild the national economy. At the same time, K-12 education reformers are engaged in their own frantic search for the right recipe(s) that can unlock the full power of teaching and learning.

Backhouse and Bateman's Capitalist Revolutionary: John Maynard Keynes

Robert Teitelman | Posted 01.11.2012 | Business
Robert Teitelman

Writing about someone like Keynes who personally wrote so much, so well, must be a daunting task. Backhouse and Bateman more than keep up, not by competing with Keynes, but by letting him speak, in all his many voices.

Nicholas Wapshott's Keynes Hayek

Robert Teitelman | Posted 11.29.2011 | Business
Robert Teitelman

Keynesianism was dealt a serious blow. What's left in the ruins? Who knows? But what occurs on a debate stage or a presidential podium is really not what defines modern economics. Or at least it shouldn't.

What We Can Learn From John Maynard Keynes's Optimism

The New York Times | SYLVIA NASAR | Posted 11.18.2011 | Business

For someone who’s been dead for 65 years, John Maynard Keynes has amazing presence. Open a paper, click on a blog or TV, and, voilà, like Waldo, he...

How To Prevent Economic Crises

Bloomberg | Sylvia Nasar | Posted 11.13.2011 | Business

Unlike the movies, life rarely permits second takes. But the Second World War gave John Maynard Keynes, the patron saint of government activism, and F...

Sleepless From the Stock Market

Matthew Edlund, M.D. | Posted 11.06.2011 | Business
Matthew Edlund, M.D.

Security and comfort are difficult to find these days, and the stock market often moves "contrary to fact."

Why We Need a Financial Transactions Tax

John Fullerton | Posted 10.25.2011 | Business
John Fullerton

The truth is simple: A modest financial transactions tax of less than 1 percent would serve as a remarkably efficient tool to achieve needed reform.

Rick Perry Is a Socialist in a Secessionist Costume

Bob Cesca | Posted 10.18.2011 | Politics
Bob Cesca

Despite his many remarks against the federal government, Rick Perry is in fact responsible for Texas being the second biggest state recipient of stimulus dollars -- ostensibly "redistributed" from tax payers in other states.

Forgetting Lessons of Keynes and FDR Brings On the 'Obama Recession'

David Woolner | Posted 10.04.2011 | Politics
David Woolner

When FDR ignored the Keynesian tenet that cutting spending in a downturn spells disaster, he paid dearly. Obama is set to relearn this lesson the hard way.

Consumer Spending Falls For First Time In Nearly Two Years

Posted 10.02.2011 | Business

WASHINGTON (Lucia Mutikani) - Consumer spending unexpectedly fell in June to post the first decline in nearly two years as incomes barely rose, a ...

Elise Foley

Durbin: Debt Deal Will Be The Death Of Keynesian Economics | Elise Foley | Posted 09.30.2011 | Politics

WASHINGTON -- The Republicans are killing Keynesian economics with their attempt to cut spending as the economy rebounds from a recession, Senate Majo...

Paul Krugman: Washington Determined To Prolong 'Lesser Depression'

The New York Times | Paul Krugman | Posted 09.21.2011 | Business

These are interesting times — and I mean that in the worst way. Right now we’re looking at not one but two looming crises, either of which could p...

Krugman: America's Weak Job Growth Is A 'Choice, Not A Necessity'

New York Times | Paul Krugman | Posted 09.10.2011 | Business

If you were shocked by Friday's job report, if you thought we were doing well and were taken aback by the bad news, you haven't been paying attention....

DeLong: Economy Is In A Liquidity Trap

Bloomberg | Brad DeLong | Posted 09.04.2011 | Business

There is only one real law of economics: the law of supply and demand. If the quantity supplied goes up, the price goes down....

When the Facts Change

Howard Steven Friedman | Posted 09.01.2011 | World
Howard Steven Friedman

One of my favorite quotes of all time is John Maynard Keynes' famous retort, "When the facts change, I change my mind. What do you do, sir?" Unfortun...

'The Real U.S. Fiscal Crisis Is Joblessness'

Bloomberg BusinessWeek | Chris Farrell | Posted 08.22.2011 | Business

The risk of economic stagnation should dominate discussions this week among the voting members of the Federal Reserve Board at its two-day meeting. Wi...

Advantage: Keynes?

Amitai Etzioni | Posted 08.01.2011 | Business
Amitai Etzioni

If you want to know what is going to happen next to your investments, the job and housing markets, and more generally to the economy, you may want to follow what is happening to the ideas of British economist John Maynard Keynes. Keynes argued that when economies are sputtering, the government must increase deficits, because its increased expenditures will stimulate the economy to better growth. But what happens when our leaders don't realize the economy is sputtering, and uncork the champagne early?

America's Hottest Economist

Business Week | Brendan Greeley | Posted 07.31.2011 | Business

Tyler Cowen sits with a cranberry juice and a pile of books he no longer intends to read. He's at Harry's Tap Room, near the Air France ticket counter...

Gordon Brown: Global Economy Still Not at a New Normal, Still Evolving, Shocks Ahead

Steve Clemons | Posted 06.10.2011 | World
Steve Clemons

Brown demonstrates something that we have seen before in the likes of John Kerry and Al Gore. Each was too cautious, too pruned and too stiff when running to secure the highest office in their respective lands.

New Economic Thinking Conference To Shatter Illusion of Control

Steve Clemons | Posted 06.07.2011 | Politics
Steve Clemons

As INET Executive Director Rob Johnson said, "last year's conference punctured the mystique of market stability (not to mention real events). This year, the conference will shatter the illusion of control."