Tags » John Maynard Keynes

Let the Storm Break Loose: Right Wingers are Still "All Keynesians Now" and for Always

Republican president, Richard Nixon, once famously said “I am now a Keynesian in economics”, usually misquoted in the apocryphal version that goes “we are all Keynesians now”. 2,265 more words

Your Econonomic Homework

I like reading economic articles by Richard Ebeling. He explains abstract economic concepts in ways that are understandable for regular people. Although we have written about these concepts in the past, we can always gain greater insight by reading different explanations by different writers. 386 more words

Econ. 201

US History Unit 05 Research and Blogs

Research the following groups of terms:

Supply-Side Economic Theory, Hawley-Smoot Tariff, Dawes Plan
Demand-Side Economic Theory, John Maynard Keynes, Hoover Dam, New Deal… 97 more words

School Activities


The difficulty lies not so much in developing new ideas as in escaping from old ones.
John Maynard Keynes

#twisdom #creativity


The Fallacy of the Invisible Hand

Probably the most recognized economist in the word, (past, or present) are John Maynard Keynes, and Adam Smith. Smith was responsible for the invisible hand theory which stated that if an individual looked out for their own self-interest, then they would inadvertently help out the community and the individuals. 342 more words


The Law of Supply and Demand

The two most fundamental forces in economics are supply and demand. These two forces link back to all market analysis. Today we’ll look at each of these forces and how the two of them interact. 420 more words

Economic Theory

You could listen to Chancellor Wise on civility...

…or you could listen to John Maynard Keynes:

Words ought to be a little wild, for they are the assaults of thought on the unthinking.

H/t Paul Krugman