Word: keynesism
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I was that person, and I replied, "no" for the same reason that no member of the Economics Department would vote, today, for a Walras or a Keynes: their monumental contributions are what we now take for granted. Landes missed the point. Had he asked me if I would have...
If Jackson is elected to high office, at the least one should do him and everyone else a favor and read him this remark by John Maynard Keynes, the greatest thinker the poor and oppressed of the industrial world ever had on their side: "Words ought to be a little...
One of the biggest elements in Reagan's landslide re-election was the widespread belief that he had brought the U.S. a kind of permanent prosperity. Reaganomics -- which meant cutting taxes and incurring deficits beyond anything John Maynard Keynes ever dreamed -- struck some experts as voodoo economics (as the future...
A corps of young economists--inspired by the theories of John Maynard Keynes--civil servants and diplomats jumped at the opportunity to work for the Europeans from central offices in Paris and Washington. The excitement over the implementation of the plan reflected the nation's belief at the time "that...
Many of those questions have been asked before. In 1936 Economist John Maynard Keynes warned that "when the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill- done." His comments were a reminder of the speculative frenzy...