Word: keynesism
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Don't depend on this book by the Financial Editor of the "New York Times" for aid on that Ec A final. Mr. Hazlitt is one of those whose hearts are in the right place, but whose eyes turn persistently in the wrong direction. He sets out to discuss the...
Just how these examples tie into the "new" economics is never made clear. Certainly neither Keynes nor Hansen has justified or urged support of such policies. And, just as certainly, either of them would be quick to point out that such defensive special pleading arises from the sense of economic...
The most pressing economic problem of this generation is unemployment, and not production. And, on the record, the "give-business-its-head" school of economics and of government never even bothered to face that problem. Whether such hereties as Lord Keynes, Sir William Beveridge and Professor Hansen have solved the...
Official Britain steered clear of Keynes after his 1919 characterization of Lloyd George as a "Welsh witch." But in the depths of 1940 Churchill summoned him back as economic adviser. In effect, he had run the British Treasury ever since. Elected a director of the Bank of England in 1941...
Died. John Maynard Keynes, Baron Keynes of Tilton, 62, Great Britain's most brilliant socio-political economist and monetary expert, a principal architect of the Bretton Woods Plan; of a heart attack; in Firle, Sussex (see FOREIGN NEWS).