Word: keynesism
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In light of all this, Keynes would be mystified that the International Monetary Fund is requiring troubled Third World nations to raise taxes and slash spending, that "euro" membership demands budget austerity, and that a U.S. President wants to hold on to budget surpluses. You can bet Keynes wouldn't...
Were Keynes alive today he would surely admire the vigor of the U.S. economy, but he would also notice that some 40% of the global economy is in recession and much of the rest is slowing down: Japan, flat on its back; Southeast Asia, far poorer than it was just...
The family into which Wittgenstein was born in 1889 was one of the wealthiest in Vienna, and young Ludwig grew up in a hothouse atmosphere of high culture and privilege. Brahms and Mahler were frequent visitors to the palatial family home, and Ludwig's brother Paul, a concert pianist who...
After twice failing to win a fellowship at the University of Cambridge's Trinity College, a lodestar at the time for mathematicians from around the world, Turing received a fellowship from King's College, Cambridge. King's, under the guidance of such luminaries as John Maynard Keynes and E.M. Forster...
1936 John Maynard Keynes publishes The General Theory of Employment, Interest and Money