Word: keynesian
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...took World War I to bring Keynes to fulfillment. As an adviser in the Treasury, he began to develop Keynesian ideas--for example, that the "main use of gold reserves is to be used." The artist manque appeared. Keynes began to regard money the way a painter looks at his palette. Understanding that currency confronts human beings with two great alternatives--hoarding or gambling--the sometime player at Monte Carlo defined money as "that which one accepts only to get rid of it." He raised monetary theory to poetry when he described money as "a subtle device for linking...
...ardent Keynesian, the silver-haired Modigliani advocates using flexible taxing and spending programs to steer the economy. He took the occasion of his new celebrity last week to attack the runaway budget deficit and the Reagan Administration's economic policies...
...thick of the story--interviewing disgruntled day-trippers who had been driven off the beach at gunpoint by civil liberties lawyers and contributors to the New York Review of Books, burrowing in courthouse records to find instances of scallop fishermen being snookered out of their land by neo-Keynesian economists...
...abroad and fewer jobs and lead investment at home. If the high interest rates do not cut investment at home, the interest paid abroad will. In the meantime, while Reagan was running up deficits, investment in productives resources will have been handicapped by high interest rates and Reagan's Keynesian push for current consumption...
With one full unit of Ec 10 (almost 10 percent of class time) devoted to radical economics, optional radical lectures offered in the spring and fall, and in-depth explanations of the differences between Keynesian and monetarist economics viewpoints, the course certainly does not try to convince students that all economists agree on every issue...