The Triumphant Return of John Maynard Keynes

But John Maynard Keynes s relationship with social democracy is complex.

Maynard is a city in Chippewa County, Minnesota, United States.

Something had gone wrong with the system of economic management bequeathed by John Maynard Keynes.

Seventy years ago, John Maynard Keynes pointed out its fallacy.

If the debt ceiling absolutists are naïve, so, too, are simplistic Keynesians.

Keynes once wrote that he agreed with almost all of Hayek s ideas.

John Maynard Keynes once said that monetary policy may work like a string.

After all, it is only aggregate demand that matters to the Keynesian faithful.

As Paul Krugman recently reminded us, John Maynard Keynes perhaps put it best

In this, he is following a tradition of caution that extends from Edmund Burke to John Maynard Keynes.

A boom not a slump is the right time for austerity at the Treasury said Keynes.

Keynesianism, which promises painless answers, was resurgent once again.

Yes, we were all Keynesians but all too briefly.

To paraphrase John Maynard Keynes, the economic price of establishing peace is large, but it is indeed a good investment.

John Maynard Keynes predicted accurately that all of these debts would end up in default.

The world economy, as John Maynard Keynes put it 75 years ago, is developing magneto trouble.

This is not a problem with which Keynes was familiar, much less one that he sought to address.

Our animal spirits, to borrow a phrase made famous by John Maynard Keynes, are weakening.

But, unfortunately, Keynesian demand management is no panacea, either.

From the start, the economist John Maynard Keynes had been a fierce critic of the reparations policy imposed on Germany.

But the argument between austerians and Keynesians over how to encourage sustained recovery intersects with another debate.

Keynesian stimulus policy is habitually described as deficit spending, not tax financed spending.

Milton Friedman was not the most famous and influential economist in the world that honor belongs to John Maynard Keynes.

John Maynard Keynes addressed this issue in 1930, in his little essay Economic Possibilities for our Grandchildren.

When John Maynard Keynes went to see President Roosevelt in the depths of the Depression, he advised toning down the administration s anti business rhetoric.

But, as John Maynard Keynes famously put it, in the long run we are all dead.

Keynesianism definitively ended in 1979, following the second oil price shock of the decade.

But that is why Keynes and Harry Dexter White established the IMF in the first place.

But if the fluctuations can be ironed out, as John Maynard Keynes put it, total economic efficiency can be improved.

Keynes s heresy was to deny that there are any such natural forces, at least in the short term.

Cheap money in the West was the correct Keynesian response to the flood of saving from the East.

But, as John Maynard Keynes famously quipped, In the long run, we are all dead.

The animal spirits that Keynes identified generations ago remain with us today.

As John Maynard Keynes recognized, trade restrictions can protect or generate employment during economic recessions.

If the government falls down on the job, John Maynard Keynes wrote 76 years ago, and demand is deficient the individual enterpriser...is operating with the odds loaded against him.

John Maynard Keynes and his disciples pushed the idea that even apparently useless projects, such as pyramid construction in ancient Egypt, made sense.

We need fewer equilibrium business cycle theorists and more old fashioned Keynesians and monetarists.

John Maynard Keynes once famously said that even the most practical man of affairs is usually in the thrall of the ideas of some long dead economist.

But, as John Maynard Keynes never stopped pointing out, the Quantity Theory of Money is true only at full employment.

It was only 30 years later, in the 1960 s, that Keynesian fiscal policy was widely accepted.

John Maynard Keynes argued that monetary policy was ineffective during the Great Depression.

It was not just a cause dear to bankers, merchants, or the young John Maynard Keynes. It mobilized millions of people.

This is inevitable, because, as John Maynard Keynes pointed out, the riskiness of many investments, being subject to inherent uncertainty, is immeasurable.

But it may be that we are seeing a revival of a less benign Keynesian doctrine ideas, knowledge, science....should of their nature be international.