Texas Kaos - Front Page (Free subscription) | yesterday
I cannot imagine why self-proclaimed conservatives would demonize John Maynard Keynes. I suppose it is because they are silly and like to argue at the margin. There they can delude themselves and others about larger questions. This is the politics of distraction or, now that the election is over, just noise: George Will : Same Old New Deal? - Townhall.com Patriotically, Keynes...
Grasping Reality with Both Hands (Free subscription) | 03/12/2008
In which Keynes begs Roosevelt to undertake some real stimulative Keynesian policies--rather than merely the macroeconomic weak toast that was the New Deal: John Maynard Keynes’s Private Letter to Franklin Delano Roosevelt of February 1, 1938 Also: Keynes urges Roosevelt to stop the deck chair-rearranging that was poorly thought-out structural reform--NIRA,...
Wall Street Pit (Free subscription) | 02/12/2008
... lack of demand. That old problem is now re-emerging. Where do can we find guidance? One source: John Maynard Keynes. Some background (via a piece I wrote several years ago): Kaynes hardly seemed cut out to be a workingman’s revolutionary. A Cambridge University don with a flair for making money, a graduate of England’s exclusive Eton prep school, a collector of modern art,...
Robert Reich's Blog (Free subscription) | 02/12/2008
... lack of demand. That old problem is now re-emerging. Where do can we find guidance? One source: John Maynard Keynes. Some background (via a piece I wrote several years ago): Kaynes hardly seemed cut out to be a workingman's revolutionary. A Cambridge University don with a flair for making money, a graduate of England's exclusive Eton prep school, a collector of modern art,...
Thoughts On Economics (Free subscription) | 02/12/2008
Paul Krugman again and again and again Brad DeLong basically quotes Krugman Tyler Cowen Peter Boettke comments on Cowen on Keynes Matthew Mueller comments on Boettke on Keynes I think Chapter 12 of the General Theory is insightful. Chapter 17 draws on Sraffa's concept of own rates of interest, which Sraffa introduced in his critique of Hayek. Apparently Sraffa was not enthusiastic about...
The Complete MoneyScience (Free subscription) | 02/12/2008
... value of land, capital investment, and trade. Modern economists often associate these ideas with Keynes, although Keynes himself noted in the General Theory that many so-called merchantalists had advanced similar notions. Ernst Juerg Weber argues that modern textbooks in financial economics often misrepresent the history of derivative securities and that contracts for the future delivery...
The Austrian Economists (Free subscription) | 30/11/2008
Greg Mankiw argues in the NYT that John Maynard Keynes is the most important "defunct economist" to learn from for 2008. Tyler Cowen proposes to do a book club reading on his blog for Keynes's General Theory. In the comments...
Marginal Revolution (Free subscription) | 30/11/2008
Greg Mankiw wrote:If you were going to turn to only one economist to understand the problems facing the economy, there is little doubt that the economist would be John Maynard Keynes. Although Keynes died more than a half-century ago, his...
InformedTrades (Free subscription) | 30/11/2008
The insights of economist John Maynard Keynes go a long way toward explaining the challenges we now confront. Image:...
Grasping Reality with Both Hands (Free subscription) | 30/11/2008
Paul Krugman cites Greg Mankiw: >The Keynesian moment: Greg has this exactly right: >>IF you were going to turn to only one economist to understand the problems facing the economy, there is little doubt that the economist would be John Maynard Keynes. Although Keynes died more than a half-century ago, his diagnosis of recessions and depressions remains the foundation...
Twenty-Cent Paradigms (Free subscription) | 27/11/2008
John Maynard Keynes, " The Great Slump of 1930 " (Dec., 1930) " The World's Economic Outlook " (May, 1932) " Open Letter to President Roosevelt " (Dec., 1933) The latter has some advice which should also apply to President-Elect Obama: You remain for me the ruler whose general outlook and attitude to the tasks of government are the most sympathetic in the world. You are the only...
Gawker (Free subscription) | yesterday
Oh, to be a fancy author these days! Palgrave MacMillan is an academic publisher, founded in 1843, that's published everyone from Keats to Thomas Hardy to Rudyard Kipling, John Maynard Keynes, and...
Gawker (Free subscription) | 03/12/2008
John Maynard Keynes is one of the most important economists ever, and after a lengthy period during which rejection of his ideas of government intervention led us directly to financial ruin, he is...
Division of Labour (Free subscription) | 01/12/2008
Tyler Cowen is hosting a Marginal Revolution Book Club on The General Theory of Employment, Interest, and Money by John Maynard Keynes. Since I'm teaching a class on the history of economic thought in the Spring, I'm planning to participate. Here's Pete Boettke's critical perspective. I'm genuinely excited about this. I now have The General Theory, The Theory of Money and Credit,...
The Johnsville News (Free subscription) | 01/12/2008
Items of Interest: George F. Will / Washington Post: Same Old New Deal? — Early in what became the Great Depression, John Maynard Keynes was asked if anything similar had ever happened. “Yes,” he replied, “it was called the Dark Ages, and it lasted 400 years.” It did take 25 years, until November 1954, for the Dow to return to the peak it reached in September 1929. So caution is...
