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2017
This chapter examines the economic ideas of John Maynard Keynes. According to Keynes, the modern economy does not necessarily find its equilibrium at full employment; it can find it with unemployment. This is the underemployment equilibrium, in which Say's Law no longer holds; there can be a shortage of demand.
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This chapter examines the economic ideas of John Maynard Keynes. According to Keynes, the modern economy does not necessarily find its equilibrium at full employment; it can find it with unemployment. This is the underemployment equilibrium, in which Say's Law no longer holds; there can be a shortage of demand.
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John Maynard Keynes: Artist, Philosopher, Economist
Atlantic Economic Journal, 2006In this paper, we argue that there is a strong case for considering Keynes, not as an economic scientist in the modern sense of the term, but as a philosopher-economist comparable with Hume, Smith, Mill, and Sidgwick. Although he took his technical economics from Marshall, the use he made of it, and the system he created was impossible to understand ...
Roger E. Backhouse, Bradley W. Bateman
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The Collected Writings of John Maynard Keynes
Challenge, 1973(1973). The Collected Writings of John Maynard Keynes. Challenge: Vol. 16, No. 1, pp. 57-59.
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2003
The work of John Maynard Keynes and his followers dominated academic economic theory around the world from the 1930s through 1970s—and to some extent, to this day. It is valuable to consider Key-nesian economics further. Delving more deeply into a rival economic understanding may provide the reader additional information on which to evaluate the ...
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The work of John Maynard Keynes and his followers dominated academic economic theory around the world from the 1930s through 1970s—and to some extent, to this day. It is valuable to consider Key-nesian economics further. Delving more deeply into a rival economic understanding may provide the reader additional information on which to evaluate the ...
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The Economic Journal, 1947
We are today too near to Maynard Keynes to appraise him dispassionately and to establish with complete detachment just how high he stands in the company of the great. To measure him must be the task of our successors, with the truer perspective that time will give. It must be our task to put on record for them the qualities which, to his own generation
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We are today too near to Maynard Keynes to appraise him dispassionately and to establish with complete detachment just how high he stands in the company of the great. To measure him must be the task of our successors, with the truer perspective that time will give. It must be our task to put on record for them the qualities which, to his own generation
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The Price of Peace: Money, Democracy and the Life of John Maynard Keynes
History of Economics Review, 2021S. Cornish
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Peace Review, 1989
Barely a year after the end of World War I, John Maynard Keynes, then a little‐known economist, was already warning that peace and prosperity in Europe could well depend on economic cooperation.
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Barely a year after the end of World War I, John Maynard Keynes, then a little‐known economist, was already warning that peace and prosperity in Europe could well depend on economic cooperation.
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John Maynard Keynes: Scientist or Politician?
Journal of Political Economy, 1974Keynes thought of himself as a social scientist, an expert adviser to government on economic problems; yet he possessed-and used-all the talents of a natural born politician. His upbringing and position in society somewhat circumscribed his thinking, but when he was unable to solve the problem of mass unemployment with the orthodox tools at hand, his ...
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1964
Lord keynes, who died at the age of sixty-two on April 21, 1946, was unquestionably the most famous and controversial of contemporary economists. Moreover, like the great figures of the classical school—Adam Smith, David Ricardo, and John Stuart Mill1 —he was no narrow specialist working in the seclusion of an academic ivory tower.
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Lord keynes, who died at the age of sixty-two on April 21, 1946, was unquestionably the most famous and controversial of contemporary economists. Moreover, like the great figures of the classical school—Adam Smith, David Ricardo, and John Stuart Mill1 —he was no narrow specialist working in the seclusion of an academic ivory tower.
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The Debt to John Maynard Keynes
1974Any work that avowedly accords high levels of employment primacy of place among short-run economic goals, must rely to a very large degree upon the work of Keynes. For Keynes, between the wars, the important task was not so much to use the international sector to help to achieve full employment as it was to gain some release for the domestic economy ...
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