Word: keynesian
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...Sweezy '31, former assistant professor of Economics, will make his first public appearance since leaving the University when he addresses the John Reed Society in New Lecture Hall tonight at 8 o'clock on the subject, "Marxism and Recent Trends in Economics." The lecture is subtitled "A Critique on Keynesian Economics...
When depression struck as he had predicted, he proposed that nations "spend their way back to prosperity," and made an early convert of Franklin D. Roosevelt. Taking as his basis the formula p=mv/t* he then drew the famous Keynesian corollaries: deficit financing to put money in the hands of the unemployed, managed currency, reconstruction of the social system so that more high-velocity money gets into the hands of the poor, who spend it, less low-velocity money into the hands of the rich, who save...
...Beveridge plan starts from a premise familiar in the U.S. Depressions, says he, following the Keynesian theories, are caused by withholding too much of the national income from current consumption and current investment. To correct this condition, Sir William proposes an extension of the wartime type of budget. This sets forth not only public revenue and expenditures, but also estimates income and outlay of the nation as a whole. From this budget the State would determine how much it would have to spend, in addition to private outlay, for full employment. State spending and controlled investments would be aimed...
...intellectual giant. He plods through his work. He spends too much time relaxing with his family and working in the field to get in much reading; and he takes much of his intellectual coloration from his college friends. Sometimes he goes out to Harvard to listen to the Keynesian big-spending economists. He returns wearied by such complexities. In office, he is slow to act. Many Democratic hacks are still on his payroll, and his own appointments have not been outstanding. Removals have usually been accomplished, not by sensational charges, but by a simple resignation, asked for and received. Reporters...
...first of the four forums will be held tonight when Alvin H. Hansen, Lucius N. Littauer Professor of Political Economy, will give the Keynesian view of full production and full employment in the post-war world. The forum will be broadcast over the Crimson Network...