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30 Mar 2008, 11:28 am
" As John Maynard Keynes once said, when asked about long term results or predictions, " In the long run, we are all dead. [read post]
23 Jul 2010, 11:38 am by Buce
An unsympathetic viewer would rank it as the worst sort of adhoccery--rank it alongside all those finance types who said that the 2008 meltdown was "a six sigma event," when in fact it may have been nothing more contentious than a proof of the bankruptcy of their theory.Mankiw knows the culprit, and again, you can guess the name: John Maynard Keynes, propounder of what Mankiw calls "standard textbook theory. [read post]
5 Oct 2011, 8:05 am by Lovechilde
As John Maynard Keynes informed us 75 years ago, that purchaser is the government. [read post]
6 Aug 2010, 10:57 am
This was new in the thirties, with John Maynard Keynes providing the intellectual basis for an active government role in fighting the Depression.The other key aspects of the New Deal that are still in play are, as far as I can discern, the following: securities regulation, labor laws, and Social Security. [read post]
15 Feb 2010, 9:15 am by Gritsforbreakfast
Even 7th Circuit Judge Richard Posner, the judiciary's most radical free market advocate, has taken to reading and advocating ideas from John Maynard Keynes and frankly discussing the limits of theories of "perfect competition" based on rational action by self-interested consumers.For those who didn't waste much of their college years, as I did, sitting in economics classes, here's the boiled down list of seldom-satisfied assumptions which must be true for… [read post]
23 Feb 2009, 4:52 am
But the retelling, in fact, is a cause of the current situation -- because the Great Depression serves as a model for our expectations, damping what John Maynard Keynes called our "animal spirits," reducing consumers' willingness to spend and businesses' willingness to hire and expand. [read post]
5 Dec 2023, 7:56 am by scottgaille
  Great books require more attention and care than say, blazing through a John Grisham legal thriller. [read post]
31 Oct 2011, 8:06 am by Lovechilde
"  (As John Maynard Keynes explained 75 years ago, and Robert Reich continues to instruct us today, when consumers and businesses can’t boost the economy on their own, the responsibility must fall to the government.) [read post]
9 Sep 2011, 12:13 am by Ben Reeve-Lewis
Which points us straight back to John Maynard-Keynes’s arguments. [read post]
23 Mar 2009, 7:34 am
Sen's article is, by and large, an effective effort to debunk the mythologies that have been attributed, for motives base and innocent alike, to the Big Thinkers in economics including Adam Smith and John Maynard Keynes. [read post]
4 Aug 2008, 5:43 pm
Rehnquist Award for Judicial Excellence2001 - Legal Aid Foundation of Los Angeles Maynard Toll Award for Distinguished Public Service2000 - Foundation of the State Bar's Justice Award2000 - Judge Learned Hand Award1998 - American Judicature Society's Herbert Harley Award ("for services in promoting the effective administration of justice")1998 - Los Angeles County Barristers' Special Recognition1997 - President's Award, State Association of Counties1997 - St. [read post]
13 Sep 2016, 8:13 am by Marci Hamilton
Maynard); (3) harm to others is a limit on free exercise (Reynolds; United States v. [read post]
30 Dec 2008, 8:26 am
It scarcely "proves" that this time is nothing to worry about, but it does suggest that, my friend the financial reporter's views to the contrary notwithstanding, the "animal spirits" of capitalism (John Maynard Keynes' felicitous phrase) will arise again. [read post]
25 Oct 2011, 6:03 am by Mandelman
State and local governments are usually engines of job growth during recoveries. [read post]
4 Jul 2010, 2:43 pm by Kenneth Anderson
Matters of economic policy should be reserved to a priesthood with the correct post-doctoral credentials, which would of course have excluded David Hume, Adam Smith, and arguably John Maynard Keynes (a mathematics graduate, with a tripos foray in moral sciences) ... [read post]
12 Jan 2009, 5:43 am
Yet we all know (and the original Adam Smith, not to mention John Maynard Keynes and Milton Friedman, would agree) that they will come back. [read post]
22 Apr 2011, 2:46 pm by Josh Wright
John Maynard Keynes is quoted as saying “When the facts change, I change my mind. [read post]
5 Oct 2023, 6:37 pm
   To my great delight, I was asked to review Jan Broekman's brilliant new work, Knowledge in Change: The Semiotics of Cognition and Conversation (Springer Nature, 2023). [read post]