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Keynesian Economics

Does A Nation of Ninnies Need A Nanny?

Kerry Trueman | Posted 05.25.2011 | Green
Kerry Trueman

What's the difference between an overly bubbly housing market and sugary carbonated beverages? Both appeal to our infantile desire for instant gratification.

It's the Global Economy (Stupid) -- or Is It?

Mark Weisbrot | Posted 05.25.2011 | World
Mark Weisbrot

The contemporary idea of the "global economy" is based on a misapplied analogy to the historical development of national economies.

Doesn't Anybody Have Any Doubts About How We're Doing This?

Michael Wolff | Posted 05.25.2011 | Business
Michael Wolff

Who is going to play Mervyn King in America -- who'll play the prudent voice of reason? Not the obstructionist Republicans who long ago got disqualified from reasonableness.

Obama's Cure For America? Only Time Will Tell

Andy Ostroy | Posted 05.25.2011 | Politics
Andy Ostroy

What a political week it was. We watched as Obama addressed a joint session of Congress for the first time; defended his $787-billion stimulus plan; and presented his massive $3.6-trillion budget.

Beyond the Age of Leverage: Alternative Cures for the Global Financial Crisis

Niall Ferguson | Posted 05.25.2011 | Business
Niall Ferguson

The harsh reality that is being repressed is this: the Western world is suffering a crisis of excessive indebtedness.

Financial Times: The Undeniable Shift To Keynes

Financial Times | Chris Giles in London, Ralph Atkins in Frankfurt and Krishna Guha in Washington | Posted 05.25.2011 | Business

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

The Lure of Keynesianism

Henryk A. Kowalczyk | Posted 05.25.2011 | Business
Henryk A. Kowalczyk

The way out of our crisis is to limit further the influence of government over the economy, so that even if someone could afford to buy political influence, there would be very little to sell.

The Rebirth of Keynes, and the Debate to Come

Robert Reich | Posted 05.25.2011 | Business
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.

Green Bubble Burst?

David Roberts | Posted 05.25.2011 | Business
David Roberts

Does the financial crisis mean the next president will need to trim his ambitions and focus on reducing the deficit? Or does it call for substantial public spending to get the economy moving again?

Sticking it to Milton

David Hoyt | Posted 05.25.2011 | Chicago
David Hoyt

One can't help but be struck by the irony of the fact. Just when the academic disciplines most influenced by Milton Friedman came together to praise him in 2007, a year after his death, it looks like the rest of the world may wind up burying him in practice.

Who's Your Economic Daddy?

Robert D. Atkinson, Ph.D. | Posted 05.25.2011 | Business
Robert D. Atkinson, Ph.D.

Virtually all policy makers involved in economic policy subscribe to a particular economic doctrine, even if they may not be aware of which "camp" they are in.

Where Are the Economists?

Simon Jenkins | Posted 05.25.2011 | Business
Simon Jenkins

Economics has long been oversold as a science, when it is rather a branch of psychology, a study of the peculiarities of human nature, thus converting micro-economics into macro has always been a dangerous game.