Word: keynesism
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Quarrels about the effects of deficit spending by Government are as old as modern economics itself. Since the 1930s, followers of Britain's John Maynard Keynes have argued that deficit spending during recessions is not only justified but is often the only way to end periodic slumps in the...
Shaw won't be gloating throughout his speech, though. With the arrival of the Reagan and Thatcher administrations, cuts in both arts budgets loom large, along with, in Britain, calls from conservative politicians to move arts patronage back into the private sector. (In this country, Office of Management and Budget...
James Tobin, 63, likes to joke about himself as "a discredited Keynesian," in reference to his economics hero, John Maynard Keynes. Last week the mild-mannered Yale economics professor got the last laugh. In Stockholm, the Royal Swedish Academy of Sciences announced that it was awarding him the 1981 Nobel...
Burgess's pert narrator, 81-year-old Kenneth Toomey, is a bestselling novelist and celebrated homosexual, who relates the semen-drenched odyssey of his life--an odyssey which spans more than 60 years, four continents, two World Wars, numerous gay relationships, friendships with the likes of James Joyce and John...
Goodman populates this basic plot with characters from Keynes to Khomeini; he simplifies economic theory without being condescending; he gracefully adjusts simplistic views to cohere with the complexities of a world in which things are rarely what they seem and where one must choose enemies more carefully than friends.