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John Maynard Keynes

"The Depression of 1933"?? -- Is a Depression a Moveable Famine?

Robert S. McElvaine | Posted 12.17.2009 | Business

Read More: Paul Solmon, John Maynard Keynes, Franklin D. Roosevelt, Pbs Newshour, Russ Roberts, Great Recession, Friedrich Hayek, Oral Roberts, Depression of 1933, Market God, Great Depression, Marketism, Business News
Robert S. McElvaine

The Free Market faithful have rewritten a great deal of history. But their most recent claim that Franklin Roosevelt started the Great Depression? That's just ludicrous.

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Economists are Irrational!

Dr. Jim Taylor | Posted 12.16.2009 | Business

Read More: Mit, Invisible Hand, John Maynard Keynes, Milton Friedman, Economics, Berkeley, University of Chicago, Princeton, Behavioral Economics, Paul Krugman, Free Market, Adam Smith, Business News
Dr. Jim Taylor

Given what has happened to our economy in the last decade, it's hard to believe that any of the "freshwater," "efficient market" economists still have jobs, much less, credibility in how the economy actually works.

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Strengthening The Levees Against Unemployment And Rising Debt

Ann Pettifor | Posted 11.25.2009 | Business

Read More: Monetary Policy, Deficit Reduction, Debt, Unemployment, Federal Budget Deficit, Stimulus, Keynesian Economics, John Maynard Keynes, Economic Recovery, Paul Krugman, Recession, Business News
Ann Pettifor

Government must manage the federal budget in the same way that you manage your household budget. But in truth, the president must do the opposite.

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Geese, Ganders and Governors

Alan Singer | Posted 11.17.2009 | New York

Read More: John Maynard Keynes, David Paterson, School Reform, New York Budget, Economic Stimulus, Economic Recovery, Education Reform, Capitalism, Recession, New York News
Alan Singer

Governor Paterson's proposal proposed budget cuts (and similar proposals in the other 49 states) are a recipe for an even worse economic disaster than we have had during the past year.

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Obama's America: What Is Economic Growth For?

Derek Shearer | Posted 11.18.2009 | Politics

Read More: President Obama, Economic Policy, John Maynard Keynes, Health Care, Economic Crisis, Obama Administration, Bill Clinton, Marshall Ganz, Joseph Stiglitz, Economy, Hillary Clinton, Bill Clinton Health Care, Obama Economy, Barack Obama, Capitalism: A Love Story, Politics News
Derek Shearer

Unfortunately, while Obama's words are bold, he acts cautiously when it comes to actual reforms that are necessary to create this new foundation for economic growth.

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Krugman: How Did Economists Get It So Wrong?

New York Times | Paul Krugman | Posted 10.19.2009 | Politics

Read More: Federal Reserve, Economists, Ben Bernanke, John Maynard Keynes, International Monetary Fund, Great Depression, Politics News

It's hard to believe now, but not long ago economists were congratulating themselves over the success of their field. Those successes -- or so they be...

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Republicans Flunk History and Economics, Pass Drama

Stephen Herrington | Posted 08.13.2009 | Politics

Read More: Small Business, John McCain, Economic Stimulus Package, Ronald Reagan, John Maynard Keynes, New Deal, Economy, Republican Party, Barack Obama, Republicans, Great Depression, Politics News
Stephen Herrington

Some predecessors of current Republicans ganged together and stopped Roosevelt New deal spending, with identical arguments to now, in 1937. The result was a hiatus in the recovery until WWII.

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Sachsterly

Jaime Pozuelo-Monfort | Posted 10.04.2009 | World

Read More: Jeffrey Sachs, Poverty, Economics, John Maynard Keynes, Marshall Plan, Microfinance, Bill Easterly, Global Poverty, Dambisa Moyo, World News
Jaime Pozuelo-Monfort

The rescue of the bottom billion is only a reality if Mr. Sachs and Mr. Easterly put their outstanding intellectual skills to work instead of trying to win a debate that academics will perpetuate so long as they exist.

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Keynes and the Banking System

Alan Schram | Posted 07.02.2009 | Business

Read More: Business News, Financial Crisis, Deficit, Banks, Credit Crisis, John Maynard Keynes, Recession, Business News
Alan Schram

Keynes-style fiscal policy which amasses debt to obscure our fundamental problems will only make matters worse.

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Capitalism and Moral Sentiments

Jeffrey Sachs | Posted 04.21.2009 | Business

Read More: Aig, Wall Street Bonuses, Tom Friedman, John Maynard Keynes, David Brooks, Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Aig Federal Bailouts, Bonuses, Bank Bonuses, Recession, AIG Scandal, Bailout Outrage, Business News
Jeffrey Sachs

The fascinating thing about this Wall Street greed is that it is so deeply ingrained that neither the bankers themselves nor our economic leadership understands just how disgusting and dangerous it is.

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Dems (and Obama) Are Losing the Economic Argument: They May Also Lose the Economy

Paul Abrams | Posted 03.08.2009 | Politics

Read More: John Maynard Keynes, Franklin D. Roosevelt, New Deal, Economy, Massive Public Investments, Tax Cuts, Barack Obama, Great Depression, Politics News
Paul Abrams

By shifting the debate from wishful thinking to sound economics, prospects rise for effective policy decisions now and in the future, and doing the debate right is as important as the policy itself.

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Ryan Grim

Stimulus Debate: What's The GOP's Answer?

HuffingtonPost.com | Ryan Grim | Posted 03.05.2009 | Politics

Read More: John Maynard Keynes, Senate Republicans, Stimulus Bill, Stimulus Package, House Republicans, Senate Stimulus Debate, Republican Alternative to Stimulus Plan, Politics News

As a massive government spending bill aimed at turning the economy around winds its way through Congress, Republicans continue to snipe at it for incl...

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Deficit Spending -- A Necessary Evil

Mike Papantonio | Posted 02.07.2009 | Politics

Read More: Conservative, Infrastructure, Air America Radio, John Maynard Keynes, Mike Papantonio, Recession, Ring of Fire, Deficit, Depression, Barack Obama, Economy, Republican, Politics News
Mike Papantonio

As Obama steps into this quicksand economy, he seems to realize that short-term stimulus plans are only a Band-Aid solution for a gaping, almost mortal wound.

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Frozen Ice Balls and the Bush Legacy

Lincoln Mitchell | Posted 02.04.2009 | Politics

Read More: George Bush, Tug McGraw, Karl Rove, Baseball, War, George W. Bush, Iraq, Barack Obama, Dick Cheney, Zhou Enlei, Bill Lee, John Maynard Keynes, World Series, Middle East, Russia, Reggie Jackson, Climate Change, Tony Perez, Eurasia, Politics News
Lincoln Mitchell

It is worth trying to determine precisely what Bush means when he asks us to take a more historical perspective on his presidency.

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Financial Times: The Undeniable Shift To Keynes

Financial Times | Chris Giles in London, Ralph Atkins in Frankfurt and Krishna Guha in Washington | Posted 01.29.2009 | Business

Read More: John Maynard Keynes, Keynesian Economics, Financial Crisis, Economic Crisis, Economy, Business News

More than three decades have passed since Richard Nixon, the Republican US president, declared: "We are all Keynesians now." The phrase rings truer t...

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Missing Minsky

John Tepper Marlin | Posted 01.27.2009 | Business

Read More: Fed, Ponzi, Sec, John Maynard Keynes, Milton Friedman, Hyman Minsky, Ninja Mortgages, Federal Reserve, Treasury, Ben Bernanke, Martin Wolf, Alan Greenspan, Anna Schwartz, Barack Obama, Laurence Meyer, Business News
John Tepper Marlin

Hyman Minsky didn't live to see how closely this year's meltdowns would follow his predicted scenario, with the Lehman failure being one of several clear Minsky moments.

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The Rebirth of Keynes, and the Debate to Come

Robert Reich | Posted 12.28.2008 | Business

Read More: Keynesian Economics, Financial Crisis, John Maynard Keynes, Business News
Robert Reich

What the hawks don't get is what John Maynard Keynes understood: when the economy has as much underutilized capacity as we have now, government spending that pushes the economy to fuller capacity will of itself shrink future deficits.

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The Urgent Case for a Big Stimulus

Jeff Madrick | Posted 11.28.2008 | Business

Read More: Monetary Policy, Federal Reserve, John Maynard Keynes, Milton Friedman, Stimulus, Wealth Effect, Fiscal Policy, Financial Crisis, Business News
Jeff Madrick

If we don't stimulate the economy, tax revenues will fall far faster and deficits rise, anyway. But they won't be the deficits of constructive investment. They will be the deficits caused by unnecessarily lost wealth.

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The Sick Man of the North Atlantic

Eric Margolis | Posted 11.27.2008 | Politics

Read More: George Bush, Winston Churchill, John McCain, FInancial Crisis White House, Financial Crisis Obama Mccain, Hillary Clinton 2008, George Bush Iraq, George W. Bush, German Offices, Asif Ali Zardari, United States, Congress and Iraq, Egypt Emergency Laws, Iraq War Funding, Pakistan Democracy, Afghanistan War, Osama Bin Laden, Iraq War, Barack Obama 2008, Congress Iraq, Japan New Ambassador, Communist Party, John Maynard Keynes, Great Britain, Singapore Innovation, Financial Crisis, Geroge W. Bush, Congress Bailout, Iraq Troop Withdrawal, Mao Zedong, China, Politics News
Eric Margolis

Money, observed the witty British thinker Malcolm Muggeridge, is the homogenized form of power. No more money, no more power. The great imperialist ...

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