Word: keynesism
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When the official biography of John Maynard Keynes appeared in 1951, an acquaintance remarked, "This is the biography of Lord Keynes. Someone else must write the life of Maynard." That someone is Charles Hession, author of John Maynard Keynes (Macmillan; 400 pages; $22.95). His ambitious treatment draws on previously unavailable...
The year marked the centennial of the birth of John Maynard Keynes, and the tonic that jolted the U.S. out of recession was just what the famed economist might have prescribed: easier money, lower taxes and heavy Government spending. Ironically, the chief architect of the recovery had never been known...
George Washington, appropriately, was the first, in 1953. Theodore Roosevelt was saluted on his centenary in 1958; a 1962 story looked at James Monroe and his hemispheric doctrine; Abraham Lincoln was portrayed in 1963 as the epitome of individualism; and the legacy of Franklin Roosevelt was traced last year. Only...
The IMF has been caught up in this fiscal struggle. Since the bulk of its funding and policy input comes from the North, it has aceded to the retreating strategies followed by both banks and legislatures in the industrial world--surely not the relationship Keynes had in mind when he...
DIED. Joan Robinson, 79, imperious, questing professor of economics at Cambridge University from 1965 to 1971; in Cambridge, England. In 1933, she published the iconoclastic Economics of Imperfect Competition and became the only woman in the small circle of scholars who met regularly with John Maynard Keynes to discuss the...