Word: keynesians
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...been said, "Neo-Keynesian Economics is the outgrowth of two factors: Plato's Allegory of the Cave and Freud's theory of the censorship function of the super...
...particular sect, or even a particular religion. The CRIMSON might as well have asked for a man who represents the economic view and not any particular sect, on the grounds that it would be "an imposition on the free student" if the College hired a Socialist or a Keynesian. But a real imposition on the free student would be to refuse to hire someone because he was ordained. In any field a man who believes in one theory can still present the other side. Moreover, a man who believes in something will have something to teach. I do not want...
...This kind of thing is silly," said Professor Alvin H. Hansen, referring to biographies in general, "but you can't blame the students for wanting to put something in their newspaper." Hansen has a good reason to object; for 20 years as the nation's leading Keynesian economist, he has received plenty of attention...
...Whenever new ideas appear," said Hansen, looking out from under his ever-present eyeshade, "they are first branded nonsense, then dangerous, and finally old stuff." He believes that Keynesian economics has gone through all three stages, that there has been a real revolution in thinking. Businessmen have the idea that Hansen, who looks like a businessman himself, was the ogre who led FDR down the "rosy path of deficit financing." Actually Roosevelt spent mostly for relief, not on Hansen's program of public investment. The revolution in economic thinking engulfed only a portion of the professional thinkers...
...Some people have gotten the idea that we are just spenders, expansionists," Hansen said. "Keynesian economics stress control of inflation just as much as deflation...