Word: keynesism
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Ironically, the challenge to this position is anything but new. It goes back to the German historical school of famed authors like Arnold Toynbee and Joseph A. Schumpeter. As John Maynard Keynes himself wrote in the preface to his masterpiece, “The difficulty lies, not in new ideas...
Creation is based on a book called Annie's Box (published in the U.S. as Darwin, His Daughter and Human Evolution), written by one of Darwin's descendants, Randal Keynes, and inspired by a box of keepsakes from Annie's short life, items carefully set aside by her parents, which...
4. Keynes doesn't play in Peoria. Obama has followed a traditionally Keynesian economic path in responding to the recession - temporarily increasing government spending to make up for slack in the economy. But voters, who continue to suffer from the downturn, are not so impressed. In a recent focus group...
"Gold is the one currency a central bank can't print," says Martin Murenbeeld, a veteran gold watcher who is chief economist for Canadian money-management firm DundeeWealth. Gold's big attraction as a pillar of the global monetary system is that it isn't beholden to national politics. The...
By 1938, struggling to make a dent in crippling unemployment, Roosevelt had come around to Keynes' advice. It worked: massive New Deal and World War II outlays pushed unemployment down from nearly 15% in 1940 to 1.2% in 1944.