Word: keynesians
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Died. Sir Dennis Holme Robertson, 72, Cambridge professor of political economy from 1944 to 1957 and one of Britain's most respected academic economists, who, working with John Maynard Keynes in 1926, wrote Banking Policy and the Price Level, which initiated Keynesian economics by examining the function and effect of savings in a capitalist economy, later broke with Keynes, believing him guilty of exaggerations and misrepresentations; of a heart attack; in Cambridge...
Defending Paul A. Samuelson's Economics against charges that the textbook unscientifically accepts the "Keynesian revelation," the head of Economics 1 yesterday declared Keynes' analysis of national income is "essential to understanding modern economic thinking...
...Keynesian economists believed that full employment would ultimately be achieved if the economic system were left alone. "Then around 1935," related Eckstein, "people began to have their doubts" about government non-interference. Keynes' idea that government spending and tax deduction are effective anti-cyclical measures is "an economic fact, not an opinion," Eckstein said...
...Over-Arching Keynesian Siant...
...Those who today try to imply an over-arching Keynesian (whatever they mean by that!) or even a Marxist slant to our teachings [in Economics] know neither Harvard nor the subject of economics in our time," said the President...