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John Maynard Keynes, an architect of Bretton Woods, believed that the true lesson of the failures of the Depression-era 1930s lay precisely in the character of the large and chaotic 1933 London World Economic Conference. Keynes concluded that a really workable plan could be devised only at the insistence of a single power or like-minded group of powers. (Taipei Times, Taiwan -- World)
* All eyes are on Bretton Woods II Nov 11, 2008
Taipei Times - archives. Enter your search terms. (Taipei Times, Taiwan -- World)
MK Venu: Facts and opinions Nov 11, 2008
John Maynard Keynes famous quip that when facts changed he changed his opinion is playing out in a rather bizarre fashion in the global economy today. Keynes would not have imagined that facts and opinions could become so transient as to make a mockery of the business of forecast and analyses. (India Times)
Read more ... Nov 10, 2008
In homage to economist John Maynard Keynes, Brown plans to spend and spend, casting aside his own rules on debt and launching big infrastructure projects. By stoking demand, the aim is to avert a long recession. (Business Report, South Africa)
Open letter: The way forward Nov 8, 2008
lesson provided by John Maynard Keynes's analysis of interconnection of financial markets and the international payments system ... Another Great Depression can be avoided if world leaders would reconsider John Maynard Keynes' analytical system that contributed to the golden age of the first quarter century after World War II. The undersigned and others have long advocated a new international financial architecture based on an updated 21st century version of the Keynes Plan originally proposed... (Asia Times Online)
Economics can opento new realities Nov 6, 2008
John Maynard Keynes, The Economic Consequences of the Peace], 1920. These thoughts opened the book that first gave Keynes renown. (Asia Times Online)
German government plans €23 billion stimulus package Nov 6, 2008
From Washington to Tokyo, governments have allowed their deficits to widen in a bid to escape the vicious cycle the economist John Maynard Keynes once dubbed the "liquidity trap" - a crisis of confidence that prompts companies and households to hoard money instead of lending or spending it, thereby aggravating the slump. The United States became the first country to pass such a package in the current crisis. (International Herald Tribune -- Business)
Health warning fora computer age Nov 5, 2008
The last line of the original manuscript of my book John Maynard Keynes was written in July 2006. It noted that when, not if, the next Great Depression hits the global economy, Keynes' General Theory analysis will be rediscovered by economists [1. (Asia Times Online)
Crisis summit a chancefor genuine reform Nov 4, 2008
How does this idea relate to similar proposals by John Maynard Keynes in 1943 and many other leading economists. Sixth, what is the best (and quickest) approach to ameliorating the ongoing financial crisis. (Asia Times Online)
Crisis needs to get worse Nov 3, 2008
This was contrary to the approach adopted at the post-Second World War Bretton Woods conference where British economist John Maynard Keynes had stressed that the flow of funds had to be regulated to prevent the economy becoming a casino. Whirlpool of speculation. (iAfrica.com)
Escaping The Liquidity Trap Nov 2, 2008
Eggertsson sought to deal with John Maynard Keynes' contention that, "At low nominal interest rates, increasing money supply has no effect. This is what is referred to as the liquidity trap." Milton Friedman felt this was impossible. Eggertsson concludes that it is--but only if you take a narrow view of what "increasing the money supply" actually means. (Forbes)
Who's going to start the fire? Nov 1, 2008
In Congress, at the time, taxes were raised on the wealthy, with a whiff of genuine class warfare in the air and cries of "Soak the rich!" And the wise men of finance offered few nuggets of hope, only a clunker or two of infinite despair during an age W.H. Auden called "the low, dishonest decade." The economist John Maynard Keynes was asked if there was ever a worse time. "It was called the Dark Ages," he said. (International Herald Tribune -- Ed/Op)
Is Capitalism Finished? Nov 1, 2008
Back in favor is John Maynard Keynes, the Great Depression-era British economist who argued free markets would not "self-correct" and that government would always be needed to ensure (1) market gains would translate into improved living standards, and (2) topside excesses would not give capitalism a bad name. Many financial experts believe the Nov. 15 summit of world leaders in Washington, sold by Sarkozy to Bush 43, should produce at least the outlines of a new financial architecture to update,... (Newsmax)
Laissez-faire is not fini Oct 31, 2008
John Maynard Keynes, the great British economist, wondered at how pure "animal spirits" can lead pioneering entrepreneurs to put aside the fear of loss "as a healthy man puts aside the expectation of death." Bill Emmott, former editor of the Economist, notes capitalism depends on a sort of "financial chutzpah": the willingness of banks and other institutions to lend or invest money they do not physically possess in the hope this "sleight of hand" will not be challenged - or at least that, when... (Globe and Mail)
Cheap Crude: A Flash in the (Oil) Pan Oct 30, 2008
If I were in your shoes, i would sell all my oil stocks and put half the money in TIPS (Treasury Inflation Protected Securities) and start buying long term Puts (Leaps) in the major oil companies-XOM, CVX,COP. 3) I also suggest you go to Wikepedia and look up John Maynard Keynes and Keynesian Economic Theory. 4) According to George Soros, about three months ago, most of the increase in oil price and commodities in general over the past year were do to speculation. (Seeking Alpha)
Social market needed for sustainability Oct 30, 2008
Such measures are basically similar to those proposed by renowned British economist John Maynard Keynes when successfully handling the Great Depression of the 1930s. Therefore, the invaluable lesson that can be learned from both the 1930s depression and the current global economic crisis is that not all aspects of the economy can be managed by the market mechanism on an efficient and sustainable basis as advocated by capitalism, especially its hedonic variant -- neoliberalism. (Jakarta Post, Indonesia -- Editorial)
Milton Friedman's fault? Not a chance Oct 29, 2008
In Free to Choose, he quoted John Maynard Keynes: There is no subtler means of overturning the existing basis of society than to debauch the currency. On this fundamental insight, were these two great economists both wrong. (Globe and Mail -- Business)
Spending plan 'misguided' Oct 27, 2008
The chancellor has signalled he will look to tackle the downturn by investing heavily in public works in a programme based on the interventionist policies put forward by 20th Century economist John Maynard Keynes. Monetary tools. (BBC News -- UK)
Students learning from financial crisis Oct 26, 2008
He asked questions, summed up answers, and made enthusiastic references to economists, including John Maynard Keynes and George Shackle, and psychologists Daniel Kahneman and Amos Tversky. After talking about market fundamentals, Gould moved on to behavioral finance, a subfield of behavioral economics that looks at the role of psychology and emotions in financial decisions. (San Francisco Chronicle -- Business)
Wild stock selling might be a sign of silliness, or of doom Oct 26, 2008 Save! (But Not Too Much.) Oct 25, 2008 How to kick-start a faltering economy the Keynes way Oct 24, 2008 Having cake, and eating it, too Oct 24, 2008 Kenneth Dam appointed to IMF reform committee Oct 24, 2008 George, You Were No Herbert Hoover Oct 23, 2008 EXCERPT: 'The Snowball: Warren Buffett and the Business of Life' Oct 23, 2008 Doomsayer gets instant fame Oct 22, 2008 In pixieland, it's all heads in the sand Oct 22, 2008 Steak N Shake Company Announces Letter from Chairman of the Board Oct 22, 2008 Inspector: Brixton jail plagued by drugs, gangs and violence Oct 22, 2008 The Scandal of Prediction Oct 22, 2008 Subprime dance leaves wallflowers in its wake Oct 22, 2008 Globalisation is bringing us full circle - to the left Oct 21, 2008 Bretton Woods System Oct 21, 2008 Darling to up spending to beat slump Oct 20, 2008 The Curse Of Keynes Oct 20, 2008 Canadian deficits Oct 18, 2008 Debate prep: Dow falls a whopping 733 points Oct 16, 2008 Keynes is dead, let's bury him Oct 16, 2008 Hit of the Keynes will do us good Oct 15, 2008 Paul Krugman of Princeton Wins Nobel Prize in Economics for Trade Analysis Oct 14, 2008 Panic on Street: Dow off almost 21% in 9 days Oct 11, 2008 Gloom marks the market, a period of capitulation Oct 11, 2008 The Russians get on message Oct 10, 2008 A new dawn for Iran Oct 10, 2008 Economic amnesia Oct 10, 2008 History can guide, yet there are new limits of the possible Oct 10, 2008 Glum mood pervades Wall Street after latest tumble Oct 10, 2008 Catherine Galbraith, at 97; transformed economist-husband's life and career Oct 4, 2008 History of monetary imperialism Oct 3, 2008 Can we really say that the 'market works'? Oct 3, 2008 * Another painful swing of the economic pendulum takes its toll Sep 19, 2008 The Great Crash of 1929, and lessons taming the crisis of 2008 Sep 17, 2008 Teetering between Keynes and Friedman Sep 16, 2008 Resurrection of the charlatan Sep 10, 2008 Profile: Steve Keen Sep 1, 2008 Shiller's Subprime Solutions Aug 28, 2008 Are Bond Investors Crazy or Waiting to Exhale? Aug 22, 2008 Analysis: When A Flip Isn't Always A Flop Aug 19, 2008 Looking Squarely at Death, and Finding Clarity Aug 19, 2008 Nonprofit leader sees high-tech innovation as economic driver Aug 19, 2008 Has the worst market scenario been discounted? Aug 17, 2008 Paul Krugman: The great illusion Aug 15, 2008 * Its time for the US to choose healthy growth and social justice Aug 14, 2008 Bernanke blightedby tunnel vision Jul 25, 2008 The death-knell of Bernankeism Jul 23, 2008 Great escapes Jul 19, 2008 They dare not speak its name Jul 3, 2008 The X factor Jun 28, 2008 Canadian Health Care We So Envy Lies In Ruins, Its Architect Admits Jun 26, 2008 No longer just goodiesfor the top 1% Jun 21, 2008 Commodity Snatchers Jun 21, 2008 Print money, build infrastructure Jun 20, 2008 The next big spending spree Jun 13, 2008 Marriage la mode Jun 7, 2008 Time overdue for aworld currency Jun 6, 2008 A jumbo loan metaphor May 24, 2008 Famous four return to Narnia May 21, 2008 The Earthling economics experiment May 20, 2008 When should the Fed crash the party? May 11, 2008 To get new job, show off interests May 5, 2008 The Case for Recession May 2, 2008 Helping only the deserving victims of the credit crisis May 2, 2008 Just who deserves help with mortgage? May 2, 2008
As John Maynard Keynes famously put it: "The market can stay irrational longer than you can stay solvent."That's exactly the problem lately for some hedge funds and other big investors that bought stocks and other securities with borrowed money. As asset prices plummet, the funds' lenders are calling in their loans. (Fresno Bee -- Business)
Keynes would not have been surprised Oct 25, 2008
The Great Financial Meltdown would not have surprised the English economist John Maynard Keynes, who died in 1946, for he thought that this was exactly how unregulated markets would behave. The new economics, as Keynesian economics was known in the US until it became the obsolete economics, was designed to prevent such turbulence. (Sydney Morning Herald -- Opinion)
But as John Maynard Keynes taught us, thrift can be counterproductive in times of weak demand. Consumer activity accounts for about 70 percent of economic activity. (Slate)
One answer lies with the ideas of John Maynard Keynes, the most influential economist of the 20th Century. It was his proposals that helped the world recover from the Great Depression of the 1930s. (BBC News -- UK)
Instead, the Premier unveiled on Wednesday evening a hefty economic stimulus package of tax cuts and accelerated public works spending that should have him cutting a royalty cheque to the heirs of John Maynard Keynes. It is classic countercyclical spending. (Globe and Mail)
They] date back to a conflict in 1944 between the British plan advocated by John Maynard Keynes and the American plan promoted by Harry Dexter White. The American plan won the day, but the way things worked out has led to the present IMF staff proposal of a reform that reflects the views of Keynes. (Univeristy of Chicago Chronicle, IL)
In the Wilson era, Supreme Court Justice Louis Brandeis called him "the biggest figure injected into Washington by the war," and John Maynard Keynes, reflecting on the Versailles conference, concluded that Hoover was "the only man who emerged from the ordeal of Paris with an enhanced reputation." As the 1920 election approached, Franklin D. Roosevelt said of him, "He is certainly a wonder, and I wish we could make him President of the United States. There would not be a better one.". For a long... (CBS News)
Keynes wrote: "It is dangerous. .. to apply to the future inductive arguments based on past experience, unless one can distinguish the broad reasons why past experience was what it was," in a book review for Smith's Common Stocks as Long-Term Investments in Nation and Athenaeum in 1925 that later became the preface for Keynes, The Collected Writings of John Maynard Keynes. Vol.12, Economic Articles and Correspondence; Investment and Editorial. (USA Today -- Money)
He, looking at the camera, clad in a white T-shirt with a blue patch on which was printed a quote from the economist John Maynard Keynes. She, standing close and looking admiringly into his eyes. (Sydney Morning Herald -- Opinion)
That is what English economist John Maynard Keynes recommended for these circumstances 70 years ago. But governments have gone so far into hock in support of their banks that it is now questionable whether they will be prepared to raid their treasuries much further by spending and cutting taxes. (Sydney Morning Herald -- Opinion)
In short, I am following John Maynard Keynes' advice, "I'd rather be vaguely right than precisely wrong." In addition, we are reducing restaurant operating costs. Poor cost arrangements on outside services along with outmoded insurance programs have burdened the stores with noncompetitive overhead. (PR Newswire)
He's right back in fashion again, so here's our bluffer's guide to the great economist John Maynard Keynes. Pick of the blogs. (This is London)
As the economist John Maynard Keynes observed: "It is better to be approximately right than exactly wrong." And the ultimate "Scandal of Prediction" is that Wall Street analysts almost always, , with rare exception, almost always get it "exactly wrong.". Sign up now to receive The Global Guru e-Newsletter FREE. (Human Events Online)
It is not, as John Maynard Keynes suggested, that we are all dead in the long run, it is rather that we are all much poorer in the long run. Of course, while Prince was dancing up a storm in the subprime market, not only was he safe from hostile shareholder action, he was pocketing extremely generous remuneration packages. (Business Report, South Africa)
Krugman did as much as anyone to popularise the phrase generally thought to be coined by John Maynard Keynes. The Nobel committee seems part of a growing realisation that Keynesianism, with its emphasis on the governments role in the economy, isnt dead after all. (Business Report, South Africa)
For his part, legendary British economist John Maynard Keynes, who drafted much of the plan, called it "the exact opposite of the gold standard," saying the negotiated monetary system would be whatever the controlling nations wished to make of it. Keynes had even gone so far as to propose a single, global currency that wouldn't be tied to either gold or politics. (Time.com)
Mr Darling hopes the interventionist approach - first advocated in the 1930s by economist John Maynard Keynes - will help struggling families by protecting homes and jobs ... John Maynard Keynes was one of the 20th century's most influential economists. (This is Money)
Keynesian Economics: John Maynard Keynes, a noted British economist came upon the American scene during the Great Depression. His text entitled, The General Theory of Employment, Interest and Money, was published in February 1936. (Forbes)
The idea of deficit financing originated with John Maynard Keynes, who proposed in the 1930s that governments could help buy their way out of recession by stimulating the economy with spending. One key part of his theory was that budgets should be balanced over an entire business cycle surpluses in the strong years would pay off the deficits in the weaker ones. (Globe and Mail -- Business)
"Did George Bush get the memo? Here is the President in Grand Rapids, Michigan, Wednesday afternoon, speaking with local business leaders. I, frankly, don't want the government, you know, being involved with businesses -- owning businesses. I don't think it's good for the country. It was necessary that the stock be purchased to help us through this financial crisis, but in the long run, it's not good for the country. In the long run, as the back-in-fashion John Maynard Keynes so famously said,... (Salon)
John Maynard Keynes was personally nearly wiped out twice in the 1920s in asset bubbles. He also almost sent two of his close friends broke too by putting them into the stock market at the wrong time. (Sydney Morning Herald -- Business)
The British economist John Maynard Keynes once delivered a beautiful one-liner about facing cold, hard reality. "When the facts change, I change my mind.". (Sydney Morning Herald -- Opinion)
He is not in the same category as John Maynard Keynes, he is in the same category as Oprah Winfrey. To give it to him is to dishonor the Nobel Prize. (Bloomberg -- Latin America)
As John Maynard Keynes supposedly said, "Markets can stay irrational longer than you can stay liquid," Statman says. The 10 darkest days. (San Francisco Chronicle)
As John Maynard Keynes supposedly said, "Markets can stay irrational longer than you can stay liquid," Statman says. The numbers bear witness to the saying that stocks fall during the fall -- and October has been the cruelest month. (Scripps Howard News Wire)
I was just beginning to dismiss this odd appearance of intelligence in Russians - about whom I know next-to-nothing except that they drink a lot of vodka and as indicate above instinctively hate James Bond for some reason - when I was forced again to give them at least grudging respect when the paper wrote, "the Russian leaders might also consider making their own currency, the rouble, convertible into gold"; although they lose points when they are forced to admit that "the idea of gold... (Asia Times Online)
Such units would then circulate globally, subject to mutual guarantees, within the framework of an International Clearing Union similar to that proposed by the great economist John Maynard Keynes at the first Bretton Woods conference in 1944. Secondly, in relation to the value of land, I propose a new co-ownership framework for direct investment - unitization - in a new type of real estate investment trust (REIT). (Asia Times Online)
John Maynard Keynes, the revered godfather of liberal economics, much loved for his theory that government can supply the necessary demand to overcome depressions, is often resurrected in times of economic crises. In the 1930s, he even envisioned a stage of capital abundance so great that government intervention would no longer be necessary, and consumption would become the sole objective of economic production. (Arlington Advocate, MA)
The capitalist world, wrote John Maynard Keynes at the height of the economic crisis of August 1931, faced a choice. That choice was between "finding some way to increase the money values of assets towards their former figure" and "seeing widespread insolvencies and defaults and the collapse of a large part of the financial structure". (guardian.co.uk)
At a bar down the street, a trader from the floor of the New York Stock Exchange a man in a pinstriped suit who quoted John Maynard Keynes talked of the virtues of patience in riding out this stock market maelstrom. The public needs to realize it's a marathon and not a sprint, and if not, the entire world is going out of business, the trader said as he drank with a group of his stock market friends. (San Diego Union-Tribune -- Business)
After marrying, the couple set off for Europe, where Mr. Galbraith was to complete a fellowship under British economist John Maynard Keynes. Keynes suffered a heart attack, however, and the Galbraiths spent much of their time traveling around Europe in a roadster, according to his biographer, Richard Parker. (Boston Globe)
As John Maynard Keynes famously said: "In the long run, we will all be dead.". As leader of the Bullionists, who advocated immediate and full-par resumption of convertibility of notes in gold, Ricardo charged that inflation in Britain was solely the result of the Bank of England's irresponsible over-issue of money, when in 1797, under financial stress from the Napoleonic Wars, Britain left the gold standard for inconvertible paper. (Asia Times Online)
But as John Maynard Keynes once said, "In the long run, we are all dead," and we are seeing that the right-wing policymakers are not walking their own talk. Back to politics. (Waterloo-Cedar Falls Courier)
The last liberal cycle, associated with US president Franklin Roosevelts New Deal and the economist John Maynard Keynes, was triggered by the Great Depression, though it took the massive government spending of World War II to get it properly going ... Robert Skidelsky, a member of the British House of Lords, is professor emeritus of political economy at Warwick University, author of a prize-winning biography of the economist John Maynard Keynes, and a board member of the Moscow School of... (Taipei Times, Taiwan -- World)
Largely because of work by a British economist, John Maynard Keynes, policymakers are now quick to forestall such crises with central bank support for the banking system. If deep depression threatens, governments may now use state spending to stimulate activity, rather than cutback as taxes fall. (India Times)
The last liberal cycle, associated with the New Deal and economist John Maynard Keynes, was triggered by the Great Depression, although it took massive wartime government spending to get it properly going. During this era, governments in the capitalist world managed and regulated their economies to maintain full employment and moderate business fluctuations. (Globe and Mail -- Business)
Like some eldritch creature from a 1950s Saturday morning horror serial, the old charlatan John Maynard Keynes never stays dead. Even before the Great Depression, Keynes had been seeking some way to make his mark on economics that involved overturning some part or other of the classical economic paradigm. (Asia Times Online)
Biggest break Choosing to read Hyman Minsky's book John Maynard Keynes in my Masters. That gave me a perfect explanation of the chaos we've got ourselves into. (Sydney Morning Herald)
So wrote John Maynard Keynes in 1919 after the disastrous Versailles peace conference. Provocateur par excellence Robert Shiller uses the passage to open his new book on the subprime mortgage crisis, The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do About It. (Forbes -- Markets)
Treasuries can stay expensive longer than the shorts can stay solvent, to paraphrase the late economist John Maynard Keynes. Keynes also said that ``when the facts change, I change my mind. (Bloomberg -- Columnists)
"When the facts change, I change my mind. What do you do, sir?" the economist John Maynard Keynes once asked famously. But in American politics today, changing your mind is a very bad thing to do. (CBS News)
As the economist John Maynard Keynes memorably put it, In the long run, we are all dead. But Keynes wrote those cool words decades before his own death. (Atlanta Journal-Constitution -- Health)
Democrats favor the ideas of deceased British economist John Maynard Keynes, who helped shape New Deal policies in the 1930s. He argued that government should spend money and cut interest rates during recessions to stimulate growth. (Atlanta Journal-Constitution -- Business)
John Maynard Keynes famously said, In the long run we are all dead. Defenders of markets sometimes admit that they do fail, even disastrously, but they claim that markets are self-correcting. (India Times)
Writing in 1919, the great British economist John Maynard Keynes described the world economy as it was on the eve of World War I. "The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth ... he could at the same moment and by the same means adventure his wealth in the natural resources and new enterprises of any quarter of the world.". And Keynes' Londoner "regarded this state of affairs as normal, certain, and permanent, except... (International Herald Tribune -- Ed/Op)
But, as John Maynard Keynes famously put it, in the long run we are all dead. Markets are not self-correcting in the relevant time frame. (Taipei Times, Taiwan -- World)
John Maynard Keynes explained that when interest rates reach low levels, investors turn away from bonds, fearing a collapse in bond prices when interest rates start rising (creating a liquidity trap, or preference for liquidity). Extremely low interest rates have created a flight to commodities in an inflationary context. (Asia Times Online)
My aunt in her retirement (she previously had a 40-year small-business career) was a rentier such as John Maynard Keynes wished to euthanize; gee, thanks Maynard. Since the inflation statistics have changed their nature, monetary policy will also have to change. (Asia Times Online)
One person who refused to be confined by national boundaries and cultures was Lydia Lopokova, the great Russian dancer who ended up marrying our very own John Maynard Keynes. Judith Mackrell's magnificent biography, Bloomsbury Ballerina (Weidenfeld son, 25), makes sense of this funny little Russian doll whose off-kilter charisma fitted perfectly with new ideas about the modernist body in motion. (Guardian Unlimited -- Books)
The claim of John Maynard Keynes parroted by most mainstream economists, that the Great Depression was due to the "contractionist tendencies of the gold standard", is untenable. Just the opposite is true. (Asia Times Online)
Asked about his switch from endorsement to denunciation of the Government's FuelWatch program, he quotes John Maynard Keynes: "When the facts change, I change my mind." It's time, he says, to take a good look at wholesale competition and import parity pricing of indigenous crude oil. Xenophon's ability to prevaricate has driven others mad. (Sydney Morning Herald -- Australia)
It's as if John Maynard Keynes, resting on his British death bed in 1946, had declared that his faith in government interventionism was misplaced. What would drive a man like Castonguay to reconsider his long-held beliefs. (Investors Business Daily)
It was the famous 20th-century economist John Maynard Keynes who opined that the current public policy ideas deemed as most daring and innovative were invariably just the product of some long-dead economist. In his case, the aphorism was correct; Keynes died in 1946, but his ideas survived for about another 30 years, to about 1980. (Asia Times Online)
A notable proponent of commodity buffer stocks was John Maynard Keynes. As Keynes put it in 1942: "One of the greatest evils in international trade before the war was the wide and rapid fluctuations in the world prices of primary products." He recommended that governments use buffer stocks to smooth out price fluctuations by purchasing commodities when prices were thought to be low and selling them when prices were thought to be high. (Forbes -- Markets)
According to the economist John Maynard Keynes, adding new money to the economy will not drive up inflation so long as the money goes to produce new goods and services. These days, Iran appears to have adopted the same policy. (Jakarta Post, Indonesia -- Editorial)
In so doing, they are reading directly from the textbooks of John Maynard Keynes, who somehow gained academic transcendence by claiming the government can jump start the economy by simply printing money and spending it. Of course, there is a price to be paid for such deficit spending, a little nuisance called inflation. (Asia Times Online)
I do regret her exclusion of a few striking literary couples: the curious unions of Aldous and Maria Huxley, of John Maynard Keynes and Lydia Lopokova, and DH Lawrence and Frieda Weekley are surely germane to the discussion. But Roiphe's book is a delight: the work of a spirited and original writer who possesses the ability to inhabit the confused minds of her crew of raffish - but always high-minded - lovers. (Guardian Unlimited -- Books)
Frequent and drawn-out financial upheavals of the world economy led to the formulation of bold proposals for reforms of the international payments system, such as by John Maynard Keynes (1943), Robert Triffin (1960), Jacques Rueff (1963), Franco Modigliani and Askari (1971), and most recently Robert Mundell and Paul Volcker (2000). While the proposals varied in details, they shared broadly a common objective, namely safeguarding the world economy against disruptive financial instability and a... (Asia Times Online)
Do the represent a "Third Way" between the militant free market ideology of Milton Friedman and the Chicago School, on the one hand, and the much more interventionist approach favored by the followers of John Maynard Keynes, on the other. Writing in The New York Review of Books, John Cassidy joins the growing chorus of observers who look at Obama's affiliation with and concludes that he belongs to neither the Keynesian or Friedmanite camp; instead, he occupies a netherland in between, where the... (Salon)
Keynes is also the great-great nephew of the economist John Maynard Keynes and the nephew of the historian and Cambridge professor Simon Keynes. A family of scholars which, admits the actor, makes for very serious and uninteresting dinner conversations. (The Star Online, Malaysia)
I tried to warn him that even John Maynard Keynes himself said that "Markets can remain irrational longer than you can remain solvent", but nobody listens to me, and neither did he. But his answer is logical; if you're going to bet, you gotta got with the fundamentals, and so by virtue of a corrupt and intellectually bankrupt Federal Reserve perpetually lowering interest rates, using a fiat currency, using literally zero reserves in the banking system, with a complicit corrupt Congress (except... (Asia Times Online)
John Maynard Keynes, for one, thought that prescriptions like Mellon's were preposterous. The economist called those who held such views "austere and puritanical souls" who believed that it would "be a victory for the mammon of unrighteousness" if general prosperity were not "subsequently balanced by universal bankruptcy." Keynes perceived too much good in prosperity to treat it as the enemy, and he revolutionized economic theory to prove his point. (International Herald Tribune -- Business)
- John Maynard Keynes. Odds are, you'd like a new job. (AZCentral -- Business)
Stripped of all the eloquent conceptualizations and slick technical jargon, this was the great revolutionary insight of John Maynard Keynes: if we want to become wealthier as a nation and avoid economic recessions, all we need to do is print more money. The current financial tremors rumbling through the world s economies are trying to tell us that this paradigm, like all huckster schemes of easy wealth, is a fraud. (The American Conservative)
Two of his books, "Stabilizing an Unstable Economy" and "John Maynard Keynes," were just republished by McGraw Hill, and his contention that stability is inherently unstable seems more relevant than ever in the aftermath of the period of low market volatility that ended in the current crisis. In the first of those books, published in 1986, Minsky wrote: "If the institutions responsible for the lender-of-last resort function stand aside and allow market forces to operate, then the decline in... (International Herald Tribune)
com: Floyd Norris: Just who deserves help with mortgage. Call: (800) 877-3400. (Fresno Bee -- Business)
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