Investment U submits: by Dr. Mark Skousen “Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.” -John Maynard Keynes, 1936 by Investment U
Born in 1919, Richard Darwin Keynes is one of Charles Darwin's twenty-five great-grandchildren and one of Darwin's hundred or so living descendants. His mother was Margaret Elizabeth Darwin, daughter of Darwin's son George, and his father was Geoffrey Langdon Keynes, a prominent surgeon and the brother of the economist John...
NEVER fear, Tony's here. The Prime Minister wants to see a new Bretton Woods agreement for the new millennium. The old one laid the foundations of the International Monetary Fund and World Bank, but that was half a century ago, which in his rhetoric means that they are out of...
Fiscal stimulus has long been de-emphasized as a policy tool in the United States. This economist takes a long-needed look at the most prominent research in the field, reviews it for Challenge, and concludes that it is time to think about fiscal stimulus again. IN the three decades following...
WASHINGTON, DC IS THE world ready for a World Commodities Organisation? Such an idea did not seem ludicrous to John Maynard Keynes, one of the main forces behind the creation of the World Bank and the IMF five decades ago. At that time,...
Thank you so much for the article "Is Inflation Back?" (June 28 issue) by John F. McManus. Inflation is a "process," wrote John Maynard Keynes in 1920. "which not one man in a million is able to diagnose." Keynes also made us aware of the secrecy involved. He wrote: "By...
Business Times Malaysia 11-23-2001 FACED with short-term shocks and aberrations, revise taxes and increase government spending to boost demand as suggested by John Maynard Keynes. For sustained growth and stability, tweak interest rates an Business Times Malaysia...
JOHN KENNETH GALBRAITH. 1908-2006 "Words ought to be a little wild, for they are the assaults of thoughts on the unthinking." --JOHN MAYNARD KEYNES JOHN KENNETH GALBRAITH LOVED words. Above all,...
John Maynard Keynes, who probably had a greater impact on post-Depression thinking than any other economist, may not have had himself in mind when he made the following observation on the last page of his seminal work, The General Theory (1936): "Practical men, who believe themselves to be quite exempt...
"WHEN THE facts change, I change my mind. What do you do, sir?" John Maynard Keynes, who supposedly came out with this remark, was a jolly clever chap. It's probably fair to say, though, that facts themselves don't change. It's only our perception of the facts that changes: the truth...
How appropriate that one of the most devoted followers of the economist John Maynard Keynes, the dashing Observer editor Will Hutton, should take to heart one of his hero's most famous remarks: "When I see that I am wrong I change my mind. What do you do?" Contrary...
It was the economist John Maynard Keynes who remarked that most politicians are in thrall to the theories of some long dead economist. Much the same might be said of investment managers. I can well remember the excitement with which we young analysts in the 1960s responded...
Mosley was authoritarian but I don't think he was intrinsically more authoritarian than many other political leaders. I wouldn't have thought he was more authoritarian than Margaret Thatcher who was perfectly able to stay within a conventional political system. If Dalton...
THE IMF, the World Bank and the Bretton Woods international system were put in place at the close of the Second World War according to a plan drawn up by, among others, John Maynard Keynes. The whole idea was to avoid the Thirties-style beggar- my-neighbour policies, which individual governments would...
"Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens." So claimed John Maynard Keynes in The Economic Consequences...
Mar 16, 2002 The Economist ABIX via COMTEX -- James Tobin was not a typical economist. The Yale professor and Nobel Prize laureate, who died on 11 March 2002, is best known for the so-called Tobin tax, a levy on trades in foreign currencies,...
Stimulating theoryDuring the post-war boom years, economist John Maynard Keynes' theory of stimulating the economy through government spending was king. But in the 1980s, reducing the size of government became the priority for Western countries. Fiscal conservatism has dominated ever since - or at least until last fall, when politicians...
By Chern Yeh Kwok, St. Louis Post-Dispatch Knight Ridder/Tribune Business News Mar. 31--Patricia Pollard wasn't always drawn to economics. Her interest was always international politics. But her mother saw the dismal scientist in her: During her undergraduate days, her...
By Edward Lotterman, Saint Paul Pioneer Press, Minn. Knight Ridder/Tribune Business News Jan. 19--The few thousand of us who teach introductory economics in this nation should express our gratitude to President Bush, Senators Daschle and Lott and Representatives Hastert and Gephardt. ...
