Posts Tagged ‘Keynes’

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    Making Macroeconomic Decisions

    Jun 30, 10 • 226 Views • No Comments

    One problem with macroeconomic policy is the inability to confirm that it does or does not work. With variables constantly in motion, an entire economy as your lab, and no way to keep anything constant, how to know if you are doing the right thing?  This...  [read more]

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    Handy Quotations

    Apr 6, 10 • 239 Views • No Comments

    On Economics: Economics is “the study of mankind in the ordinary business of life.”   Alfred Marshall, 1842-1924 (U.K. economist). “The curious task of economics is to demonstrate to men how little they really know about what...  [read more]

  • Hayek vs. Keynes

    Jan 26, 10 • 461 Views • No Comments

    Good enough to watch, this youtube performance between Hayak and Keynes is similar to a recent Planet Money “boxing match” between the classical perspective and Keynes which I also recommend. Both are helpful when deciding whether you prefer...  [read more]

  • Freshwater or Saltwater?

    Dec 16, 09 • 264 Views • No Comments

    Smith or Keynes? Free market or government fine-tuning? If you are the latter, you can say you are a saltwater economist. A recent article from Paul Krugman (NY TIMES MAGAZINE; 9/06/09) characterizes the economists who reside along either coast as saltwater....  [read more]

  • The American Dream

    Oct 4, 09 • 199 Views • No Comments

    The precipitous current dip in housing is so explicit in the graphs at: http://www.calculatedriskblog.com/2009/10/impact-of-declining-homeownership-rate.html Translating the lines into people and numbers brings to mind John Maynard Keynes. As much as...  [read more]